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Weekly Tanker Time Charter Estimates, June 30 2021

Very little period activity reported in the crude sector again this week as the market remained subdued with most owners not willing to accept current low levels, preferring to take their chances.

On the clean side, some interest in the MR sector continues to be reported although rates remain flat for the most part with a focus on shorter periods in order to avoid locking in low rates for too long should the eagerly awaited market recovery finally take place.

Oil prices were steady mid-week as US crude stockpiles were reported to have shrunk and OPEC reported a potential glut building by the end of the year.

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