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Weekly Tanker Time Charter Estimates November 29 2017

Oil prices this week set to go up after market expectations of a 9mos  cuts extension.

The OPEC meeting in Vienna tomorrow will be a test of relations between Russia and Saudi Arabia.

Period rates on the shipping market seems to be stable as everybody waits to see the market direction.

VLCC and Suezmax rates hold off at $28,000/pdpr and $18,750/pdpr respectively, for 1 year t/c period.

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