A few timecharter fixtures reported in the crude sector this week, although we would expect more activity

Despite excitement over the last few weeks that the tanker market was finally recovering

In the crude sector this week a small number of deals were reported, with fixtures ranging from four to six months to three years

In the crude market a rebound is slowly emerging and we are seeing more and more interest in long term deals of around three years

There seems to be slightly more interest in the crude sector this week and sentiment is growing that we are at the beginning of an upwards period

In the crude sector we have seen timecharter rates for most sectors remain steady this week as enquiry increased. Some period interest reported for the suezmax sector with fixtures recorded largely short-term, ranging from four months to one year. There has been some interest in the clean sector this week, but little concluded in the way of fixtures. Rates for the most part remained stable with one-year rates for MRs ticking up slightly to an average of $12,200/pdpr.

In the crude market slightly more timecharter interest reported this week as the market showed some small signs of positivity

Some increased interest in the VLCC period market this week although with a gap between the levels charterers are offering and what owners are willing to accept

A flat week for the crude market and although the global energy supply shortage has boosted sentiment somewhat, this has yet to translate to any upwards momentum in rates. On the clean side, there has been some demand for LR2s this week with interest shown from charterers for both eco and non eco vessels, one-year rates for this sector remained at an estimated $16,500/pdpr. Oil prices surged to the highest levels in three years fueled by hopes of rebounding global demand and energy shortages in key economies such as China.

In the crude sector we have seen some short term timecharter fixtures reported this week across all sectors

Spot market rates have picked up somewhat on certain routes. If we were to pick any sector of the crude market

Some VLCC fixtures have been reported in the crude sector this week but this has had little impact on rates as sentiment remains low.

A few short-term period fixtures reported in the crude sector this week and this has given the market a slight sense of optimism

In the crude spot market, rates firmed slightly as more cargo entered the market but this has yet to have an impact

Little change in the crude market from last week, some short-term period interest has been reported however with rate levels remaining low