Major tanker owners are facing a pleasant dilemma in the current bull market: whether to fix tonnage on lucrative six-to-12-month charters for trade or storage, or roll the dice on spot rates that may cover break-even costs for the rest of the year.

The dice roll seems to be an appealing option, according to top executives at Euronav, Scorpio Tankers and DHT Holdings during a tanker conference call with Clarksons Platou Securities on Wednesday.

“If an MR can get $30,000 per day on a spot voyage, it covers its costs for a year,” said Scorpio president Robert Bugbee.