Denmark-based Concordia Maritime is eyeing upcoming charter renewals as it seeks to capitalise on rising product tanker rates.
The Stena-owned company has five of its 10 P-MAX vessels of 65,000 dwt working on the spot market.
But three are on two-year charters to a South American oil company until November 2021 and the other two are fixed on consecutive voyage deals in and out of Brazil, a market it described as niche, until May and June.
