Weekly Tanker Time Charter Estimates, January 06 2021

A number of timecharter fixtures reported over the last few weeks for VLCCs across all periods, rates for one-year moved up to $28,000/pdpr.

The clean market has been quiet with limited enquiry, the average rate for an MR is estimated to be $11,750/pdpr.

Oil prices moved to the highest levels since February 2020 as Saudi Arabia voluntary pledged to cut output by an extra 1 million barrels per day.