13
Apr

Tankers: VLCC Market Keeps Trending Downwards

Clean LR2 MEG LR2’s gradually softened this week. The TC1 75kt MEG/Japan index dropped from WS250 to WS130.28 and a TC20 90kt MEG/UK-Continent was also assessed $271,000 lower at $3.73m. West of Suez, Mediterranean/East LR2’s remained dormant with the TC15 index holding stable at the $3m level all week. LR1 MEG LR1 freight also came …