A number of timecharter fixtures reported over the last few weeks for VLCCs across all periods, rates for one-year moved up to $28,000/pdpr, says an estimate article published in Alibra.
The clean market has been quiet with limited enquiry, the average rate for an MR is estimated to be $11,750/pdpr.
Oil prices moved to the highest levels since February 2020 as Saudi Arabia voluntary pledged to cut output by an extra 1 million barrels per day.
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Source: Alibra
