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Weekly Tanker Time Charter Estimates, December 16 2020

In the crude sector, there has been some interest for short term VLCC deals with a couple of fixtures reported. It has been a quiet week for the rest of this market and rates have remained flat overall.

On the clean side there has been some optimism for the LR2 period market with demand from Chinese refineries that have returned to capacity.

Crude prices reached a 9-month high this week on hopes of a US fiscal stimulus package and the Covid-19 vaccine rollout.

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