Tankers: Product Tanker Market Down, as VLCCs Stage Slight Recovery

Clean LR2 MEG LR2’s have been subject to bearish sentiment over the last seven days. Freight levels have dwindled as result, TC1 has taken a 29.55 point tumble to WS114.38 and TC20 shed another $684,000 to $3,157,000. West of Suez, Mediterranean/East LR2’s have also dipped. TC15 is currently pegged at $2,729,000, an almost 10% drop …

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