In spite of increased focus on new and modern tonnage, oil majors are still showing a willing to take on some older vessels on time charters, albeit at a somewhat lower rate.
European brokers reported this week that ExxonMobil has fixed a 16-year-old aframax from Sea World Management & Trading of Greece for a year.
The Texas energy major has reportedly taken the 106,000-dwt Sea Beech (built 2003) from the Laliotis family company Sea World, at a rate of $21,000 per day.
TradeWinds understands this is an extension, as the oil giant already had the vessel on charter at $15,600 per day.
The period charter rate for vessels of this vintage is somewhat lower than that for modern vessels, with Oslo-based broker Fearnleys assessing an younger aframax at $26,500 per day.
The Sea Beech was one of four sisterships that now are in the fleet of Sea World but that had been originally been managed by oil major BP through a leasing scheme.
There are 20 tankers in the Sea World fleet, with an average age of 11 years. They range in size from MR to aframax size. The company did not respond to a request for comment on this story.