The period charter market for tankers is experiencing a quiet period after a recent chartering frenzy, though one product tanker has scored a long-term charter.

Brokers said Clearlake Shipping last week took Norden’s 50,415-dwt MR Nord Elegance (built 2020) for 30 to 36 months at $17,700 per day. The ship is fitted with scrubbers.

Charters of this length have been rare.