Greek shipowner Metrostar Management has concluded a two-year charter with Teekay Tankers for its two LR2 product tanker newbuildings.
TradeWinds reported earlier this month that Metrostar had secured 24-month contract with trader Vitol for the two ships. It included a profit-split element at $20,000 per day.
However, the deals collapsed and the ships — to be named the Prostar and Prosky — have been taken by Teekay for the same period.
The rate on the new charter is said to be $20,500 per day. There is no profit-split element.
Daehan delivery
It is believed Teekay has an option to employ the vessels in the crude trade. The charters will start when the vessels are delivered from Daehan Shipbuilding early next year.
The ships are options connected to two aframaxes that Theodore Angelopoulos-led Metrostar ordered at the yard in 2017.
That duo — the Crudemed and Crudesun (both built 2018) — are operating in the V8 pool.
Metrostar, which could not be reached for comment, reportedly ordered the ships for about $42m to $43m each. They are likely worth a similar price today.
The quartet — built to IMO Tier II standards — marked Metrostar’s return to shipowning after it sold 22 ships between 2014 and 2017.
The last time Metrostar booked newbuildings was in 2015 when it placed an order for eight VLCCs at Hyundai Samho Heavy Industries for more than $92m each. The ships were sold prior to delivery.
