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Weekly Tanker Time Charter Estimates, August 14 2019

It has been a busy week for the VLCC period market that has moved up in line with the spot market as refinery overhauls come to an end.

The clean market has been quiet with few period fixtures reported this week, even for the MR sector that has been very active recently. However, with healthy demand for MRs we expect this market to pick up once the holiday period is over.

Oil prices have risen this week as the US announced that it would delay imposing 10% tariffs on certain Chinese goods, allaying concerns over the trade war.

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