Weekly Tanker Time Charter Estimates, February 05 2020

Crude rates have dropped off significantly in the past week amid oil demand worries in China due to the coronavirus outbreak.

Rates for the clean period market have also weakened and period fixture levels have been low, those deals done focus on the one-year mark.

Oil prices fell below $50/barrel for the first time in over a year as concerns over demand continue to blight the market.