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Weekly Tanker Time Charter Estimates, April 1 2020

The crude period market has experienced a resurgence this week and the VLCC market in particular has been very busy with fixtures reportedly ranging from six months to three years, rates for one year have moved up 43% to $80,000/pdpr.

Whilst the clean market hasn’t seen quite as many fixtures as crude the market has still been very active, we have seen a number of larger LR1 fixed for storage.

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