Belgian owner TransPetrol Maritime Services is set for higher revenues from one of its MR tankers after it was fixed for a year by BP.

European shipbrokers said the 50,000-dwt Luctor (built 2011) has been fixed at $14,250 per day.

The ship is coming off a charter to Castleton Commodities International at $13,850 per day.

The deal comes as time-charter rates for MR tonnage is moving markedly higher.