Home /Shipping Market/ Weekly Tanker Time Charter Estimates, July 06 2016
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thanhvien
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Date: 10/07/2016
Weekly Tanker Time Charter Estimates, July 06 2016
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The UK’s vote to leave the EU seems is raising concerns, as analysts believe it could have wide-ranging consequences across Europe.
BDTI and BCTI closed at 673 and 448 points respectively, noticeably lower than the previous week. In the meanwhile, WTI and Brent closed at $46.60 and $47.96.

The weakening of the market unfortunately only been amplified by the timing of the US Independence day and Eid this week.

Positive signs for VLCC rates as fixture activity from ME to China has been getting stronger for two consecutive weeks

1 Year period TC for VLCC can achieve rates floating around $35,000/day.

Alibra Tanker TC Rates wk27


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