VLCC Tanker Market Moving Higher Again
Clean LR2 The TC1 75kt MEG/Japan index slipped 2.5 points this week to WS497. A voyage west also saw a reduction in value this week, with the TC20 90kt MEG/UK-Continent index going from $9.46 million to $9.3 million. For the TC15 80kt Mediterranean/East index, this moved in a positive direction again, gaining over $500,000 to ...
The VLCC tanker market witnessed an upward trend this week, with several indexes showing positive changes. The TC1 75kt MEG/Japan index dropped 2.5 points to WS497, while the TC20 90kt MEG/UK-Continent index decreased from $9.46 million to $9.3 million. However, the TC15 80kt Mediterranean/East index gained over $500,000, reaching $5.86 million with a Baltic TCE of just over $36,700/day.
LR1s experienced a slight decline, with the TC5 55kt MEG/Japan index falling 7 points to WS518-519 and a TC8 65kt MEG/UK-Continent index moving slightly lower to just over $7.27 million. The Baltic TCE for the round trip stood at $58,279/day. MR freight on the UK-Continent improved, with the TC2 37kt ARA/US-Atlantic Coast index rising 11 points to just over WS160, and the Baltic TCE reaching $6,315/day.
The US Gulf's MR freight also rose by almost 40 points to over WS317 for the TC14 38kt US Gulf/UK-Continent route, with the Baltic round trip TCE at $40,050/day. The Caribbean voyage on TC21 (38kt US Gulf/Caribbean) saw a significant gain of over $182,000, ending at just over $1.1 million with a TCE of $40,400/day.
Written by urgent.news from Hellenic Shipping News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
