Home /Shipping Market/ Weekly Tanker Time Charter Estimates, August 31 2016
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thanhvien
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Date: 02/09/2016
Weekly Tanker Time Charter Estimates, August 31 2016
#post363

Crude markets await OPEC’s September meeting where it is anticipated that the group will agree on a production freeze and ease current supply-demand disequilibrium.

Crude Brent has traded around $48 since its high of $50 this month. In the meantime spot market reached the lowest levels for average spot earnings, especially for large tankers.
On the Period market, all tonnage underperformed again this week with the VLCC rates for 1 year to hover around $30,000/pdpr.

=Alibra's Wet TC Rates


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