Tankers: VLCC Market Weakened Last Week

Clean LR2 LR’s in the MEG have strengthened this week. The 75kt MEG/Japan TC1 index rose about 48 points to WS200.56 ($49,522 / day TCE round-trip). The 90kt MEG/UK-Continent TC20 run significantly improved, not least of all by the well reported problems in the Red Sea, rising $537,000 week-on-week to a shade over $5 million. …

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