Home / Report / Analysis / Weekly Tanker Time Charter Estimates / Weekly Tanker Time Charter Estimates November 22 2017

Weekly Tanker Time Charter Estimates November 22 2017

Crude oil extended gains today, with US crude hitting $58/bbl (highest price since Jul 2015) as a major pipeline cut  Canadian crude flows to the USA and therefore the inventories are expected to fall further. 

On the shipping side we have some positive signs as period rates for long period are marginally improved this week.

VLCCs fixed on 2 and 3 years t/c achieving rates of $29,000 and $30,000/pdpr respectively, while smaller Suezmaxes can achieve $20,000 and 23,500/pdpr for the same periods respectively.

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