NGM Energy has fetched a stronger-than-expected rate on a one-year deal for a 19-year-old suezmax tanker.

The Moundreas family company has chartered the 150,000-dwt A Symphony (built 2001) to Petco Energy of the United Arab Emirates. Some brokers said the rate was $37,000 per day, although others cite it at $35,000 per day.

TradeWinds tool offers shipping market insights

TradeWinds has launched a markets data platform as the latest step in improving our services to subscribers.

Click here to check out the page

For a tanker of this vintage, a $37,000-per-day charter would show strength in the period market.