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Weekly Tanker Time Charter Estimates, May 08 2019

On the crude side, VLCCs remain low this week with limited enquiry, the average one- year TC rate for VLCCs is estimated at $32,000/pdpr.

This week the clean period market has been flat so far due to international holidays.

Oil prices have risen mid-week as US sanctions on Iran and Venezuela as well as ongoing producer supply cuts have left markets tight.

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