Weekly Tanker Time Charter Estimates, November 13 2019
The VLCC market experienced a downward correction this week and rates have fallen. In terms of period fixtures, we have recorded a number of longer-term deals.
Following the direction of the spot market, clean period rates are lower this week, the average rate for an MR is currently estimated as $15,750/pdpr.
Oil prices steadied early in the week following a speech from Trump outlining details of the current trade talks with China.