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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.

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