Tankers: VLCC Market Trending Higher
Clean LR2 The TC1 75kt MEG/Japan held flat this week with the index published around the WS565-568 level. A voyage west also remained steady with the TC20 90kt MEG/UK-Continent index climbing a modest by $34,300 to $9.38 million. West of the Suez Canal, the TC15 80kt Mediterranean/East index added another $100,400 to $6.17 million, although ...
The VLCC market is trending higher, with several key indices showing significant increases. The TC15 80kt Mediterranean/East index added $100,400 to $6.17 million, while the TC8 65kt MEG/UK-Continent index rose by $14,200 to $7.59 million. Additionally, the TC14 38kt US Gulf/UK-Continent index jumped this week, moving the freight rate marker to WS250 (+29), with the Baltic round trip TCE for the run now at $25,500/day.
Brief written by urgent.news from Hellenic Shipping News's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
