Tankers: VLCCs on the Rise
Clean LR2 The TC1 75kt MEG/Japan index strengthened this week, climbing 24.45 points to WS536.67 as sentiment improved in the East. A voyage west also firmed, with the TC20 90kt MEG/UK-Continent index increasing by $462,500 to $9.43 million. In Europe, the TC15 80kt Mediterranean/East index gained $250,000 to $5.59 million, with the corresponding Baltic round-trip ...
The tanker market has seen a rise in VLCC (Very Large Crude Carrier) rates this week, with several indices reflecting improved sentiment in the East. The TC1 75kt MEG/Japan index strengthened by 24.45 points to WS536.67, while the TC20 90kt MEG/UK-Continent index increased by $462,500 to $9.43 million. In Europe, the TC15 80kt Mediterranean/East index gained $250,000 to $5.59 million, with the corresponding Baltic round-trip TCE rising by $3,433 to $31,436/day via Suez.
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