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Weekly Tanker Time Charter Estimates, March 24 2021

Crude timecharter rates remained stable this week and there have been a number of period fixtures reported in the aframax and VLCC sectors. The average rate for an aframax for one-year is currently estimated as $15,750/pdpr.

On the clean side the general sentiment is more optimistic towards a market recovery later this year. The Atlantic basked for MRs has been on the rise although this has taken a small dip this week and steady export cargoes have been coming out of UK Cont.

Oil prices fell early in the week on demand concerns however, reports of the container ship blocking the suez canal have sent prices rebounding.

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