Croatia's Tankerska Next Generation (TNG) has clinched a new charter for one of its MR tankers.

A "prominent charterer" has taken the unnamed vessels for between six and 12 months with immediate effect.

The rate is $17,000 per day.

"The negotiated conditions are thoroughly in line with the company's strategic concept that focuses on the efforts to secure a strong asset base and stable cash flow," TNG said.