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Weekly Tanker Time Charter Estimates, February 19 2020

In the crude market, few short-term VLCC fixtures were reported last week ranging from six months to one-year.

The clean period market has been quiet, aside from a few short-term MR fixtures reported. The average rate for an MR for one-year is estimated as $15,000/pdpr.

Oil priced fell mid-week by more than 2% following several consecutive days of gains, as the coronavirus continues to weigh heavily on the market.

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