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Weekly Tanker Time Charter Estimates August 01 2018

Period activity has seen some improvement this week. On the dirty side VLCC rates have pushed up and rates for one year and three years are estimated at $21,000 and $26,000 respectively, we hope that the rates continue to move upwards.

Oil prices dropped at the start of the week as both WTI and Brent closed the month with the largest monthly loss in over a year.

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