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Weekly Tanker Time Charter Estimates, August 5 2020

Crude rates remained flat this week with some medium term VLCC fixtures reported around 12-18 months.

An element of positivity for the clean market, although rates remain unchanged. There has been plenty of activity in the MR sector with a number of short-term fixtures recorded. The average rate for an MR for one-year is currently estimated as $13,000/pdpr.

Oil prices moved up this week despite concerns over the recovery in demand.

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