Home /Shipping Market/ Weekly Tanker Time Charter Estimates, August 10 2016
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thanhvien
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Date: 10/08/2016
Weekly Tanker Time Charter Estimates, August 10 2016
#post355

The BCTI and BDTI retracted by 9 and 11 points since last week, reaching 449 and 505 respectively.

Neither have recovered from the January high of 716 and 1016 respectively as oil trading has fluctuated between the $40-$50bbl range since the beginning of July with the price currently at $44.47 for Brent Crude.
Period rates for all tonnage remain depressed, while a good example of the market situation is the VLCC period rates for 1 year contacts which can hardly achieve $32,500/pdpr.


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