Y/KNOT Invest secures $175,000 daily charter for Amethyst

Y/KNOT Invest has announced a new charter agreement for its tanker, Amethyst, with a daily rate of $175,000. This represents a significant increase from the vessel's previous daily rate of $45,000.

The new contract, agreed upon with a major international oil trading group, is expected to last between 1.5 and 2.5 months. The charter will commence in early November, immediately following the completion of the ship's first charter on October 29, which generated $4.32 million in total revenue over 96 days.

Market analysts attribute the sharp rise in charter rates to disruptions in maritime oil transport, shifts in commercial shipping routes, and increased demand for available tankers. This development follows the recent inclusion of Y/KNOT Invest in the Athens Stock Exchange General Index.