A slow week for crude with Venezuela ruled out, availability grew and demand dwindled.

Limited activity across the board and period rates remain flat due to the Lunar New Year.

Crude rates remain flat due to the Lunar New Year with the average time charter rate for a VLCC currently estimated at $30,750/pdpr.

The crude marker has seen limited period activity with a few fixtures reported this week.

Has this market been short-lived or will it maintain strength and with Chinese New Year around the corner, is this the calm before the storm?

The crude period market is continuing with good returns and there are still cargoes to be fixed, it will be interesting to see the direction that the market takes now that everyone is back at work.

There has been limited activity this week which is typical of the holiday season, the market is quiet with no real action and rates remain steady.

The crude period market has remained firm this week but with little enquiry.

The crude market remains healthy and we expect this momentum to continue through to the first quarter of 2019.

Another healthy week for the crude period market with interest shown in long-term contracts.

The period market for crude remains firm once again as we reach the end of the month with the one-year time-charter rate for VLCCs currently estimated at $33,500/pdpr.

The period market for crude remains healthy this week.

The VLCC period market has been steady this week, with the one-year time-charter rates currently estimated at $32,500/pdpr. 

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.