Home / Report / Analysis / Weekly Tanker Time Charter Estimates, March 31 2021

Weekly Tanker Time Charter Estimates, March 31 2021

Whilst the crude spot market reacted quickly, to the Suez Canal block, the timecharter market was a different story with many players holding back although some aframax fixtures have been reported this week across various periods.

On the clean side, the MRs continue to fare well with a focus on scrubber and eco tonnage, the average rate for one-year remains at $14,000/pdpr.

Oil prices fell this week on news that the Suez Canal blockage was cleared and the bottleneck began to ease. The focus is now on the impending OPEC+ meeting this week which may result in a further extension to cuts as oil demand in Europe continues to suffer.

Recent Videos

Hellenic Shipping News Worldwide Online Daily Newspaper on Hellenic and International Shipping