VLCC Tanker Rates on the Rise

🌐 Hellenic Shipping News (Greece) —

AI Summary

VLCC tanker charter rates have increased, with indices like TC1 MEG/Japan and TC20 MEG/UK-Continent showing significant rises. The Mediterranean to East route held steady amid these upward trends, reflecting tighter tanker market conditions.

Clean LR2 The TC1 75kt MEG/Japan index moved consistently upward this week to WS432 (+70). A voyage west climbed in value this week with the TC20 90kt MEG/UK-Continent index going from $7.94 million to $8.66 million. In Europe the TC15 80kt Mediterranean/East index held level around its current $4.2 million all week, the corresponding TCE ...

Markets Energy Shipping VLCC tankers freight rates TC1 index Mediterranean route shipping market energy transport

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