Norwegian shipowner Hunter Group has bagged another VLCC term charter at an attractive rate as spot levels continued to recover.

The Oslo-listed company, backed by investor Arne Fredly, said the 300,000-dwt Hunter Disen (built 2020) has been booked by an unnamed charterer at $38,000 per day for between five and seven months.

The deal is another indication that interest in VLCC term deals is increasing, not least due to a growing trend among traders to secure ships for potential crude storage deals.