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Weekly Tanker Time Charter Estimates, March 25 2020

Crude period rates moved sideways this week except for one-year on VLCCs that increased by $1,000 to $56,000/pdpr. A few short term timecharter fixtures were reported, ranging from five months to one year.

Although clean sector rates didn’t spike in the same way that the crude market did earlier this month, we have seen a steady stream of time charter deals reported, all around the one-year mark, as owners seek to lock in rates while levels are good.

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