06
Apr

VLCC Market Weakened Further Last Week

Clean LR2 MEG LR2’s levelled off this week. The TC1 75kt MEG/Japan index remained around the WS152.5-155 mark all week and a TC20 90kt MEG/UK-Continent assessment managed to hold a touch under $4m. West of Suez, Mediterranean/East LR2’s of TC15 index manged to creep back up $25,000 to just over the $3m level. LR1 MEG …