Weekly Tanker Time Charter Estimates, July 14 2021

The crude market remained negative this week with very little signs of interest in period enquiry. One-year rates for VLCCs continued to weaken, down by $500 this week to an average of $25,000/pdpr.

Limited fresh business to report on the clean side and as the market remained under pressure. MR rates for one-year remained at an average of $12,000/pdpr.