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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.

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