Home /Shipping Market/ Weekly Tanker Time Charter Estimates, August 17 2016
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thanhvien
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Date: 17/08/2016
Weekly Tanker Time Charter Estimates, August 17 2016
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Crude prices reached the highest rates in five weeks with Brent closing at $48 and WTI at $46 following speculation that OPEC could freeze crude output and opt for market stability.

Period fixtures were again this week limited, restricted to short period contracts. Meanwhile, all the rates across the board remained depressed, with a good example Suezmaxes and VLCCs that can barely achieve rates of $19,000 and $21,000 for 1 Year contracts.

-Alibra Wet TC rates 33wk


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