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.