New York-listed Scorpio Tankers has secured revenue of $43.8m by fixing out one of its LR2s.
The Emanuele Lauro and Robert Bugbee-led shipowner said the deal is for three years at $40,000 per day.
The company is not naming the ship or the charterer, but said it will use a scrubber-fitted unit for the business, which starts in April.
Spot rates are currently riding high at up to $64,000 per day on the triangular route from the Middle East to Europe and back to Asia, according to UK shipbroker Howe Robinson Partners.
The charter deal compares well to another recent fixture reported by brokers.
UK-based Zodiac Maritime’s 114,000-dwt Hanover Square (built 2019) was said to have been taken for two years by Saudi Arabian oil giant Saudi Aramco at $43,000 per day.
Libya’s GNMTC is also reported to have fixed out two LR2s to Navig8 Group over two years at $44,500 per day each as extensions to existing deals.
Earlier this month, Scorpio boosted its balance sheet once more with further buybacks of product tankers in hot markets.
Purchase options were exercised for six vessels operated under leases held by Chinese financiers.
The shipping company has not revealed the option prices, but the company should be well in the money after big asset-value rises in recent months.
Two LR2 ships — the 101,000-dwt STI Grace and STI Jermyn (both built 2016) — have been acquired from CSSC Shipping.
The vessels were sold to CSSC for $28.7m each in 2021 and leased back over six years.
The tankers are now worth around $63m each, according to VesselsValue.
The other four ships are owned by Bank of Communications Financial Leasing.
