Dynacom Tankers Management has locked one of its suezmax tankers into a period charter for two years, with an option for a third.

The move is rare for the George Procopiou-controlled shipowner, which is usually focused on the spot market.

European tanker brokers said the company has fixed the 149,000-dwt Psara 1 (built 2017) to India’s Nayara Energy, the former Essar Oil.