Home / Report / Analysis / Weekly Tanker Time Charter Estimates / Weekly Tanker Time Charter Estimates, November 27 2019

Weekly Tanker Time Charter Estimates, November 27 2019

Supported by strength in the spot market, crude TC rates have remained firm this week with rumours of a newbuild VLCC fixed for five years at $48,000/day.

An active week for clean and rates have continued to move up overall, the average rate for an MR for one-year is currently estimated as $16,850/pdpr.

Oil prices have inched higher this week on signs of progress in the US -China trade talks, falling US crude inventories and optimism surrounding OPEC following the announcement of a December meeting.

Recent Videos

Hellenic Shipping News Worldwide Online Daily Newspaper on Hellenic and International Shipping