08
Dec

Tankers: VLCC Market on a Downward Path

Clean LR2 Following last week’s improvements, LR’s in the MEG stalled and lost steam this week. TC1 75kt MEG/Japan eased down 8.56 points to WS111.72 and a trip westerly on TC20 90kt MEG/UK-Continent the index held stable around the $3.4m mark. West of Suez, Mediterranean/East LR2’s on TC15 plateaued after ticking over the $3m level …