Weekly Tanker Time Charter Estimates, August 07 2019
In the crude market there has been interest in shorter periods, we estimate that the rate for a VLCC for one year is currently $31,000/pdpr.
The clean period market for MRs has remained steady this week although very few fixtures have come to light.
Oil prices continued to fall as the US-China tradewar continued to put pressure on the global economy and energy demand.