VLCCs Down Last Week

AI Summary

The clean LR2 tanker market in the Middle East Gulf to Japan and UK-Continent routes experienced mixed movement with rates climbing for some indices and dropping modestly for others. The Westbound voyage market showed an increase in freight rates.

Clean LR2 The TC1 75kt MEG/Japan index climbed 18.88 points this week to WS509.44. A voyage west also freighted up this week with the TC20 90kt MEG/UK-Continent index going from $9.38 million to $9.93 million. The TC15 80kt Mediterranean/East index dropped a modest $37,000 to $4.32 million mark this week, with the corresponding TCE at ...