VLCC Tanker Market Calms Last Week

Clean LR2 LR2 freight in the MEG weakened this week with reports of demand reduced for the size over the last few days. The TC1 75kt MEG/Japan index dropped from WS151.94 to WS144.17. A TC20 90kt MEG/UK-Continent trip also lost $125,000 of value to $4.03mill. West of Suez, Mediterranean/East LR2’s ticked up gently by $31,000 …

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