Sinokor ups VLCC exposure as term charter rates rise in hot market

South Korean owner Sinokor Maritime Co is reported to have increased its VLCC term cover against a background of rising spot rates.

Brokers said the company has booked a scrubber-fitted pair of tankers for a year each.

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The 299,000-dwt Eagle Venice (built 2016), owned by AET Tankers in Singapore, has secured $52,500 per day, while Greek owner Evalend Shipping’s 300,000-dwt Babylon (built 2020) managed $54,500.