Tankers: VLCC Market Steady Throughout the Week

Clean LR2 LR’s in the MEG lost some steam this week and freight rates took a downturn. The 75kt MEG/Japan TC1 index dropped 31.66 points to WS322.78. The 90kt MEG/UK-Continent TC20 run to the UK-Continent also came down $212,500 to $8.475 million. West of Suez, Mediterranean/East LR2’s on TC15 saw a significant upturn, the index …

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