Home / Report / Analysis / Weekly Tanker Time Charter Estimates / Weekly Tanker Time Charter Estimates October 25 2017

Weekly Tanker Time Charter Estimates October 25 2017

The head of oil giant Saudi Aramco yesterday claimed that the lack of recent investments in the oil sector could lead to a shortage of supplies.

At the same time, Brent oil rose towards $58/bbl on Tuesday after Saudi Arabia’s statements of determination to end a supply glut.

VLCC spot rates remained positive this week to hold at levels around WS70 for eastbound runs out of the MEG and WAF. On the t/c side, rates seem to be stable across the board. 1 Year time charter rates for Suezmaxes are hovering on $18,500/pdpr.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

captcha

Please enter the CAPTCHA text

Recent Videos

Hellenic Shipping News Worldwide Online Daily Newspaper on Hellenic and International Shipping