Weekly Tanker Time Charter Estimates, September 28 2020
A flat week for the crude period market as sentiment for a rebound in Q4, traditionally a strong quarter for tankers, is looking uncertain. Many market players are now looking ahead to Q1-Q2 20201 for a rebound in demand.
A quiet week once again for the clean sector with the MR sector under considerable pressure due to lack of demand.
Oil prices traded up at the start of the week but stalled on news from the American Petroleum Institute of larger than expected crude oil build up last week.