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Weekly Tanker Time Charter Estimates

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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Weekly Tanker Time Charter Estimates April 4 2018

The Easter Holidays brought slight relief with VLCC being able to get $21,750, but the crude market keeps moving sideways at the close of 2018’s first quarter.

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Weekly Tanker Time Charter Estimates March 28 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 March 21 2018

A stale market and limited activity across the board with LR2 estimated at $16,150/ pdpr for 2 year period.

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Weekly Tanker Time Charter Estimates March 14 2018

The tanker market remains at its weakest state in years with Suezmax estimated at 18,000/pdpr for 2 year period.

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Weekly Tanker Time Charter Estimates March 07 2018

Charterers continue to chip away making the most of the bearish sentiment with a market that slides along at rock bottom rates.

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Weekly Tanker Time Charter Estimates February 28 2018

As brokers we are disappointed to see such a stale market with little activity.

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Weekly Tanker Time Charter Estimates February 21 2018

Limited activity across the board and hire rates remain flat due to the Lunar New Year and few incentives for much change on the horizon.

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Weekly Tanker Time Charter Estimates February 14 2018

No real change in the market at the moment except the jojo interest in MRs.

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