VLCC Market Looks Bottomed Out

Clean LR2 MEG LR2’s dipped a little this week, however there has been enough enquiry to prevent complete crumbling of the market. TC1 75kt MEG/Japan lost 3.06 points to WS106.94. A trip West on TC20 90kt MEG/UK-Continent shed $212,500 to $3.06m. West of Suez, Mediterranean/East LR2’s on TC15 remained at the $3.1m level for the …

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