Tankers: VLCC Market Weakens

Clean LR2 LR freight levels in the MEG continued downward this week. The 75kt MEG/Japan TC1 index lost 20% of its value to WS144.72. The 90kt MEG/UK-Continent TC20 trip to the UK-Continent also came down to the tune of $556,250 leaving the index currently at $4.47 million. West of Suez, Mediterranean/East LR2 freight took a …

Tankers: VLCC Market Weakens Read More »

Singapore’s LSFO arbitrage inflows from West to drop further in March on Red Sea woes

Singapore’s low sulfur fuel oil arrivals from the West are expected to witness a sizeable drop for a second straight month in March, as arbitrage economics remain mostly unviable amid the ongoing geopolitical tensions in the Red Sea. The world’s largest bunkering hub of Singapore is now expected to receive around 1.4-1.7 million mt LSFO …

Singapore’s LSFO arbitrage inflows from West to drop further in March on Red Sea woes Read More »

Scroll to Top