Weekly Tanker Time Charter Estimates, August 28 2019
Little excitement in the crude market with rates moving more or less sideways this week.
Despite seasonality, the clean market has been relatively active this week particularly for MRs and the average rate for one year is currently estimated as $14,375/pdpr.
Oil prices have risen mid-week as industry data indicated a fall in US crude stockpiles, easing demand concerns due to the China-US trade war.