Tankers: VLCC Rates in the Middle East Softened This Week

Clean The BCTI finished the week at 671, up from 610 the previous week. In the Middle East Gulf freight rates for LR’s have strengthened with TC1 75k Middle East Gulf / Japan, increasing from WS90.28 to finish the week at WS130.17 (+WS39.89), a round trip TCE of $26,757/day. This has had a knock-on effect …

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