Crude continues to show strength largely due to the momentum from oil prices and US sanctions that are giving the crude market some wind in its sail.

As we forecasted, crude tanker rates have gained strength this week, the one-year time charter rates for VLCCs is currently estimated at $32,500/pdpr.

A positive outlook for the tanker period market this week with a 2005-bulk VLCC fixed for 6-9 months at $27,000/pdpr.

The VLCC period market has seen some activity this week with the time charter rates for one-year estimated at $24,000/pdpr.

The crude market has seen some interest this week with a few short-term contracts reported.

Crude is showing a tick of excitement this week and we hope that this optimism will continue throughout Q4.

The period market has seen some activity this week with some long-term contracts reported.

There has been an unexpected lack of activity for tankers with the majority of charterers now bedding in for the autumn and deciding what their next move will be.

As autumn draws near, the crude market is seeing some signs of activity. The Aframax sector has picked up, with time charter rates for one and two years increasing to $14,750/pdpr and $15,350/pdpr.

The period market has seen some activity in terms of fixtures as the northern hemisphere returns to work following the holiday season.

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

Not much movement in the tanker market this week with limited activity in both clean and dirty markets although we do expect a slight increase in activity in the next week or so as the market returns to normal.

Market remains flat given to the seasonal European holidays.

There has been steady interest in the period markets for crude.

Period activity has seen some improvement this week.