VLCC Market Rises Significantly Last Week

Clean LR2 LR2 freight levels in the MEG looked to have reached a floor this week. The 75kt MEG/Japan TC1 index bottomed out at WS144 and has since returned to WS151. The 90kt MEG/UK-Continent TC20 trip to the UK-Continent similarly reached a floor of $4.38 million mid-week then climbing back up to $4.57 million at …

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