02
Dec

Tankers: VLCC Market Takes a Hit

Clean LR2 LR’s in the MEG saw a welcome uptick in activity and freight levels this week. Although rates have not climbed aggressively, sentiments have remained strong. TC1 75kt MEG/Japan hopped up 18.33 points to WS119.44 and for a run on TC20 90kt MEG/UK-Continent the index improved $268,125 to $3.36m. West of Suez, Mediterranean/East LR2’s …