VLCC Tanker Market Keeps Softening

Clean LR2 LR2 performance in the MEG weakened this week. The TC1 75kt MEG/Japan index began at WS183.33 and then slid steadily to WS158.89 by week’s end.A voyage west on TC20 90kt MEG/UK-Continent also took a dive. The run started at $4.55 million and fell away to $4.04 million, with corresponding TCE returns dropping from …

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