Weekly Tanker Time Charter Estimates, February 10 2021
A quiet week for Crude with little reported in the timecharter market, fixtures reported focused on optionality and charterers looking to lock in periods to provide cover.
On the clean side, there has been interest in the LR2 market, particularly around the one-year mark. The average rate for an LR2 for this period is currently estimated as $17,000/pdpr.
Oil price remained at year-highs buoyed by OPEC based optimism and hopes pinned on a stimulus roll out in the US could drive up oil demand.