Weekly Tanker Time Charter Estimates, July 8 2020
With the summer lull already in full swing there has been very little enquiry for the crude timecharter market this week and rates have moved lower.
Timecharter requirement in the clean market has remained thin with just a few short to medium term period MR fixtures reported this week, ranging from 8-12 months.
Oil prices fell mid-week amid fears of a surge in new Covid-19 cases in the US that could impede any recovery in fuel demand.