Tankers: VLCC Market Improves Dramatically

Clean LR2 LR2 performance in the MEG weakened further this week. The TC1 75kt MEG/Japan index began at WS140.83 and then slid steadily to WS118.61 by week’s end. A voyage west on TC20 90kt MEG/UK-Continent saw a sharper correction. The run started at $3.91 million and fell away to $3.41 million, with corresponding TCE returns …

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