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Weekly Tanker Time Charter Estimates November 15 2017

This week we saw slightly increased VLCC rates in MEG and WAF due to the relatively steady activity in the region.

The outlook remains positive for modern vessels reaching the end of Q4 2017,  which reflects the continued demand for tonnage below 15 years old.

In the period market, VLCC rates for 1 year time charter are hovering over 27,500/pdpr this week while modern Suezmaxes can achieve around 18,750/pdpr for charters of the same period.

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