Global tanker markets faced widespread downward pressure in late May. VLCC, Suezmax, and Aframax freight rates across key routes declined due to structural oversupply and influxes of ballast vessels. While Cross-Med Aframaxes and MEG-Japan LR2s managed to trade flat or steady , MR product tankers diverged sharply. UKC-USAC rates weakened , whereas USG-UKC benchmarks surged …