Weekly Tanker Time Charter Estimates November 08 2017
Oil remained steady today as the decrease in Chinese crude imports to a 1 year low was offset by the uncertainty addressed by the escalating political tensions in the Middle East.
Brent futures LCOc1 were at $63.80/bbl at 1000 GMT, while WTI futures CLc1 were down 0.08$ at $57.12/bbl.
On the shipping front, Aframaxes fixed for 1 year showed some positivity to the Owners reaching again the $16,000/pdpr rate levels.
Suez and VLs are still holding off $18,750/pdpr and $27,000/pdpr for 12 mos t/c respectively.