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Weekly Tanker Time Charter Estimates, June 05 2019

VLCC rates are tightening and going up, there has been talk of a scrubber-fitted eco newbuilding fixed for three years for around $43,500 per day.

With the 2020 regulations fast approaching there has been plenty of activity for MRs and owners are requesting higher rates for short periods.

Oil prices were down this week as Brent fell to the lowest levels seen in five months due to continuing trade disputes and concerns that a global economic slowdown could affect oil demand growth.

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