VLCC Tanker Market Showing Slight Gains

AI Summary

The market for Very Large Crude Carriers (VLCC) is experiencing slight gains with stable indices reported in various routes. However, fluctuations persist with some indices seeing decreases, indicating a mixed performance in the tanker market.

Clean LR2 The TC1 75kt MEG/Japan index remained flat around the WS550 mark this week. A voyage west also saw the TC20 90kt MEG/UK-Continent index also continued around the $10.8-10.9 million level. The TC15 80kt Mediterranean/East index shed another $870,000 to $10.07 million this week with the corresponding TCE down to $93,600/day on Baltic description ...