Weekly Tanker Time Charter Estimates, November 24 2021
In the crude sector this week a small number of deals were reported, with fixtures ranging from four to six months to three years. The average rate for a VLCC for one-year has moved up slightly this week to an average of $23,500/pdpr.
After last week’s positive sentiment, the clean market seems to have taken a breather in the last few days as news of new lockdowns in Europe cast uncertainty over oil demand.