Clean Tanker Rates Retreated Last Weeks, as VLCCs Stalled
Clean LR2 Freight levels on MEG LR2’s took a tumble again this week. The TC1 75kt MEG/Japan rate dropped from WS189 to WS168, moving the corresponding TCE down to $37,300/day on Baltic description round trip. A voyage west on TC20 90kt MEG/UK-Continent also continued down this week by $225,000 to $4.05 million. The TC15 80kt …
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