Tankers: Downward Trend Continued for the VLCC Market

Clean LR2 In the MEG this week LR2 freight received a welcome upturn in freight rates this week. The TC1 rate for 75kt MEG/Japan resurged 41 points to WS207 and the 90kt MEG/UK-Continent TC20 voyage similarly cranked up its value by $1.28 million to $6.38 million. West of Suez, Mediterranean/East LR2’s saw another drop this …

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