Home /Shipping Market/ Weekly Tanker Time Charter Estimates, August 24 2016
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Date: 25/08/2016
Weekly Tanker Time Charter Estimates, August 24 2016
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Crude continues to trade between the $48-$50 range buoyed by an anticipated price hike ahead of OPECs Algeria meeting next month to address oil production levels.

Period rates again this week are moving into lower levels, with VLCCs reaching the lowest rates since October 2014.
Earlier this week there were positive signals that Iran might support joint OPEC action to boost oil prices, however analysts and traders remain doubtful that producers will come to an agreement.
In the meantime, in the CPP sector, LR1s and LR2s can achieve rates of $16,500/pdpr and $18,500/pdpr for 1 year period charters which have noticeably fallen off over the last couple of months.

==Alibra's Wet TC Rates


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