Weekly Tanker Time Charter Estimates, January 13 2021
A quiet week on the whole for crude as new lockdowns around the world put further pressure on oil demand. Some interest has been reported in the VLCC sector for fixtures for one-year and the average price is currently estimated as $28,750/pdpr.
The focus in the clean market this week has been on MRs for one-year indicating some confidence on longer periods.
Oil prices continued to move higher following the news of the OPEC+ cuts and a weaker dollar rate.