03
Mar

VLCC Tanker Market Retreated Last Week

Clean LR2 MEG LR2 freight was resolute this week with much of the industry in London attending International Energy Week. The TC1 75kt MEG/Japan index continued at around the WS120 mark and TC20 90kt MEG/UK-Continent assessments remained around the $3.35m – $3.4m level. West of Suez, Mediterranean/East LR2’s of TC15 dipped from $2.9m to $2.85m. …