Weekly Tanker Time Charter Estimates, September 21 2020
A spurt of short term VLCC period fixtures for storage play have been reported in the last few weeks but rates overall are moving lower.
On the clean side some interest in short term fixtures ranging from six months to one year. The average rate for an MR for one year is currently estimated as $14,000/pdpr.
A surprise build-up in crude inventories reported by the American Petroleum Institute (API) has sent prices down.