Tankers: VLCC Market Keeps Grinding Higher

🇬🇷 Hellenic Shipping News (GR) —

AI Summary

The VLCC tanker market experienced further gains this week with increases in key indices such as TC1 MEG/Japan and TC20 MEG/UK-Continent. European tanker market indices also moved positively, reflecting robust shipping demand.

Clean LR2 The TC1 75kt MEG/Japan index continued to move up this week by 48 points to WS499. A voyage west rose in value again over this week with the TC20 90kt MEG/UK-Continent index going from $8.80 million to $9.44 million. In Europe the TC15 80kt Mediterranean/East index also moved in a positive direction to ...

Markets Shipping VLCC tanker market freight rates shipping indices MEG routes Europe

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