Croatia's Tankerska Next Generation (TNG) has fixed out another of its MR tankers on a period charter.

The company said the 53,000-dwt conventional ice-class ship Velebit (built 2011) has won a year's deal at $14,500 with a prominent charterer.

"Additionally, the charterer has an option to extend the contract for an additional eight months at approximately $15,500 per day," it added.