Hunter Tankers AS, a wholly-owned subsidiary of Norwegian Hunter Group ASA, has entered into a six-month time charter agreement for three ships obtaining an average daily rate of approximately USD 80,000 per day.

The three ships include 2019-built ECO very large crude carriers Hunter Atla, Hunter Laga and 2020-built VLCC Hunter Freya.

The contract comes at a time when tanker owners are enjoying strong rates reaping the fruits from VLCC rate volatility as a result of the recent announcements on crude oil production boost from Saudi Arabia and Russia.

The strong tanker market has seen rates ranging from USD 65,000 to USD 100,000 for individual contracts, while certain VLCCs secured fixtures for up to USD 410K per day.