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Scorpio Tankers resumes Persian Gulf transit; LR2 to deliver jet fuel to Europe for $10 million

Scorpio Tankers, the world’s largest LR2 shipping company by fleet size, has commenced transiting through the Strait of Hormuz, with one of its LR2s chartered by Admic for $10 million to deliver jet fuel in Europe, three sources with tanker brokerages and charterers said June 25. This marked the first direct clean tanker spot fixture …

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VLCCs Down Last Week

Clean LR2 The TC1 75kt MEG/Japan index climbed 18.88 points this week to WS509.44. A voyage west also freighted up this week with the TC20 90kt MEG/UK-Continent index going from $9.38 million to $9.93 million. The TC15 80kt Mediterranean/East index dropped a modest $37,000 to $4.32 million mark this week, with the corresponding TCE at …

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Surge in Asia-US container rates continues, tanker rates fall as Strait of Hormuz transits rise

Rates for shipping containers from east Asia and China to the US continued to surge as importers pull volumes forward ahead of possible new tariffs, while liquid tanker rates continued to soften amid a tentative ceasefire in the Middle East. STRAIT OF HORMUZ UPDATE The flow of vessels through the Strait of Hormuz increased this …

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