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Weekly Tanker Time Charter Estimates, February 12 2020

Crude rates continued to come under pressure this week and period activity has been limited as owners and charterers wait for more clarity before making decisions.

Very little reported in the clean period market this week as rates fell once again, the average rate for an MR for one year is estimated as $15,750/pdpr.

Oil prices rose slightly with hope that Chinese oil demand may begin to recover as Beijing reported the lowest daily number of new coronavirus cases since late January.

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