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Weekly Tanker Time Charter Estimates, June 19 2019

A busy week for crude once again, VLCC period rates have improved and the average rate for one year is estimated at $33,000/pdpr.

Clean period market has remained steady this week, the average one-year TC rate for MRs is estimated at $15,000/pdpr.

Oil price have picked up this week buoyed by hopes that the US/China trade war will be resolved, as Trump announced that he will meet Chinese president Xi Jinping next week for further negotiations.

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