Home /Shipping Market/ Weekly Tanker Time Charter Estimates, October 26 2016
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khiemnguyen
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Date: 28/10/2016
Weekly Tanker Time Charter Estimates, October 26 2016
#post1394

Oil prices fell below $50 once again against expectation that prices would firm between the $50-$60 range after OPECS production cut commitments.

Brent and WTI are trading at $50.28 and $49.41 respectively, attributed to a stronger dollar and rising US stocks.
MEG has softened a bit this week, which kept the rates for the main routes steady.
Meanwhile, in the Suezmax sector, rates continue to trade around $22,500/pdpr for 1 year TC period.
VLCC rates for 1 year TC also remain around $28,000/pdpr.

Alibra Wet TC Estimate


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