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Weekly Tanker Time Charter Estimates

Weekly Tanker Time Charter Estimates July 18 2018

Rates have remained flat this week as demand remains muted.

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Weekly Tanker Time Charter Estimates July 11 2018

A mixed week for oil prices this week as Norwegian oil workers went on strike on Tuesday after rejecting a proposed wage deal, causing oil prices to rise.

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Weekly Tanker Time Charter Estimates July 04 2018

Tankers in both products and crude still show no sign of improvement.

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Weekly Tanker Time Charter Estimates June 27 2018

The one-year t/c rate for VLCCs declined to $23,500/day whilst the five-year rate dropped to $30,000/day.

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Weekly Tanker Time Charter Estimates June 20 2018

At best rates are flat due to insufficient volumes.

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Weekly Tanker Time Charter Estimates June 13 2018

Oil prices have fallen hit by rising supplies in the US and expectations that OPEC could relax voluntary output cuts.

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Weekly Tanker Time Charter Estimates June 06 2018

A quiet week with limited activity in both dirty and clean markets due to Posidonia, with rates remaining flat.

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Weekly Tanker Time Charter Estimates May 30 2018

The market keeps moving sideways due to lack of significant t/c activity, partly because of the public holidays in the US and Europe.

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Weekly Tanker Time Charter Estimates May 23 2018

Oil prices reached 80 USD/barrel again yesterday on the back of the US sanctions against Venezuela and Iran.

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Weekly Tanker Time Charter Estimates May 16 2018

Little excitement in the dirty market with rates moving more or less sideways.

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Weekly Tanker Time Charter Estimates May 09 2018

The lack of activity due to an abiding combination of scarce demand, oversupply of tonnage and high bunker prices, bars time charter rates from turning around.

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Weekly Tanker Time Charter Estimates May 02 2018

At best rates are flat due to insufficient volumes. On the supply side: already 24 VLCCs ordered this year.

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Weekly Tanker Time Charter Estimates April 25 2018

Estimated earnings of $20,000 pdpr for 1 year period charters leave the VLCC market desperate for increased volumes.

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Weekly Tanker Time Charter Estimates April 18 2018

Rates remain supressed as the market fails to uphold any significant momentum with VLCC period rates  estimated at $21,000 pdpr.

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Weekly Tanker Time Charter Estimates April 11 2018

Charterers continue to chip away making the most of the bearish sentiment that dominates the market.

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