An upturn in oil majors chartering VLCCs on period contracts is the latest piece of good news for owners.

AET and Cavo d'Oro Navigation of Greece are the latest to benefit as majors look to take on vessels at a time of strong spot activity.

AET’s 300,200-dwt Bunga Kasturi Lima (built 2007) has been taken by BP on a two year charter at $42,500 per day, shipbrokers say.