Tankers: A significant spike in tonne days growth and TCE from the lows at the start of January

In the second week of February, the sentiment surrounding crude oil freight rates remained unstable. VLCC MEG-China rates showed signs of gathering strength, indicating a firmer momentum. Conversely, in the clean segment, LR2 MEG-Japan rates displayed initial indications of a downward correction. Nevertheless, LR2 (75kdwt) TCE earnings for the Middle East Gulf to Japan continued …

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