The crude market has remained steady this week and the average 1-year TC rate for VLCCS is estimated to be $31,000/pdpr.

As the spot market for crude continues to fall, the period market has remained steady with a few one-year fixtures reported in the past week.

A slightly more active week for the crude market and rates have remained steady, the average 1 year TC rate for VLCCs is currently estimated at $31,000/day.

Rates remain supressed as the market fails to uphold any significant momentum, and overall a disappointing week particularly for VLCCs.

Crude period rates remain firm for the time being despite a limited number of fixtures reported this week.

The crude period market has seen plenty of interest this week, and rates have remained stable.

Improvement in the period market for VLCCs this week has had boosted sentiment for crude overall.

In the crude market, sentiment continues to show some improvement with increased interest in longer term contracts.

A quiet week for crude and despite a slow start, the underlying sentiment seems to have improved based on the firming of spot rates.

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.