• Guideline one year tanker timecharter rates generally fell in January. The guideline one year rate for a VLCC averaged $29,688/day in January, down 5% m-o-m. Declines were less steep across the other crude tanker sectors, with the guideline one year timecharter rate for an Aframax falling 1.6% m-o-m to average $17,719/day in January. Guideline three year tanker timecharter rates saw slight declines for VLCCs and Suezmaxes in January, rates for which both fell by less than 1 % m-o-m to stand at $27,563/day and $22,781/day respectively. In the product tanker market, guideline one year timecharter rates for LR1 and 37,000 dwt tankers softened slightly m-o-m, whilst the average guideline rate for an MR rose by 2.8% to stand at $12,875/day. Guideline 3 year timecharter rates for featured product tankers remained unchanged m-o-m.
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