Weekly Tanker Time Charter Estimates, November 25 2020
The crude market moved sideways this week. In the VLCC sector there has been some period interest of around 12-15 months, according to Alibra’s estimates the average rate for one year is estimated to be $24,000/pdpr.
The focus in the clean market has been on LR2s and MRs for one year, this week, many with options included to allow flexibility for the currently low spot market.
Oil prices have surged over the past week on another round of positive vaccine news.