Tankers: VLCC Market Fell Last Week

Clean LR2 LR2 freight in the MEG remained balanced this week with rates stable. The TC1 75kt MEG/Japan index stayed in the high WS120’s to Low WS130’s. A TC20 90kt MEG/UK-Continent trip also hovered around the $3.7mill mark. West of Suez, Mediterranean/East LR2’s didn’t move from $2.9mill for the second week on week for a …

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