Weekly Tanker Time Charter Estimates, December 04 2019
Crude TC rates have remained firm although few fresh fixtures have been reported with owners holding out for longer periods.
The clean period market has continued to be active, particularly for the MR sector that has seen a number of fixtures come to light this week, ranging from six months to two years.
Oil prices have fluctuated this week. The expected oil production cuts from OPEC plus brought prices up after they slid following comments from Trump that the US trade deal with China may be delayed.