Home /Shipping Market/ Weekly Tanker Time Charter Estimates, July 20 2016
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thanhvien
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Date: 20/07/2016
Weekly Tanker Time Charter Estimates, July 20 2016
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Signs that the wet market is well into its summer slump continues with rates stable since last week suggesting that July trading is coming to a close.

Chartering activity in the Middle East is expected to increase as Saudi Arabia’s Bahri is expected to take delivery of 15 new VLCC’s.
Aframax rates are set for further depression as benchmark routes in the past week lost 15% on the Baltic Exchange resulting from reduced refinery margins and oil trading.
The BCTI closed at 433 points down 15 from the previous week. The BDTI however closed at 705 points having rallied by 32 over the same period.

-Alibra Wet Rates Wk29


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