Weekly Tanker Time Charter Estimates, March 17 2021
Another lacklustre week for the crude market with little activity for the VLCCs and suezmaxes, However, the aframax sector has seen some renewed interest this week and rates for one-year moved up very slightly to an estimated $15,500/pdpr.
In the clean market, the LR2 sector has seen some activity this week with some short term activity concluded. MRs continue to be of interest, particularly for shorter periods.
Following last week’s rally, oil prices have decreased to slightly lower levels due to a build-up in US inventories for a second consecutive week.