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Weekly Tanker Time Charter Estimates, April 03 2019

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.

Some interest in short term period fixtures for MRs this week particularly in the east. We expect the product tanker to remain robust in the short-term.

Oil prices have strengthened to reach year highs despite US crude oil inventories rising unexpectedly last week.

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