ST Shipping has extended its charter of a Korea Line-owned MR tanker for a year.
The shipping subsidiary of commodities trader Glencore has chartered the 50,000-dwt DL Navig8 (built 2008) for some $13,000 per day, European shipbrokers said.
Over the past year, ST Shipping has been paying $13,500 per day for the tanker.
The Swiss trader keeps its hands on the tanker amid steady period rates in the MR sector, where Howe Robinson estimated this week that a one-year charter is worth $13,250 per day, which was unchanged from seven days earlier.
