Malaysian tanker owner AET has locked one of its 12 VLCCs into a three-year charter with Total at a surprisingly low rate.
The French oil major has hired the 320,000-dwt Eagle Vancouver (built 2013) from the MISC Berhad subsidiary for $31,000 per day, according to European brokers.
Oslo shipbroker Fearnleys lists the three-year rate for a VLCC at $36,500 per day.
The Eagle Vancouver was ordered for $105m in July 2010.
AET does not comment on commercial issues.
The company has a fleet of 61 tankers on the water, with some of the VLCCs locked into time charters.
Koch Industries has taken the 299,000-dwt Eagle Victoria (built 2016) until next September 2020 at $29,000 per day and the 320,000-dwt Eagle Verona (built 2013) until March next year at the same rate, plus options.
Also tied up is AET's 300,000-dwt Bunga Kasturi Tiga (built 2006), which is operating in Navig8’s VL8 pool.
In addition, AET has seven suezmax shuttle tankers on order at Samsung Heavy Industries.
Koch has also fixed the 309,000-dwt VLCC Arion (built 2001) for a year from Hellenic Tankers at $22,000 per day.