VLCC Tanker Market Firming Once More
Clean LR2 The TC1 75kt MEG/Japan index increased by 44.45 points this week to WS927.78. The corresponding Baltic round-trip TCE rose by $14,719/day to $268,877/day. A westbound run on TC20 90kt MEG/UK-Continent saw the index rise by $1.75 million to $17.31 million and the round-trip TCE moving up by $4,568/day to $261,946/day. The TC15 80kt ...
The VLCC tanker market has seen a recent resurgence, with indices increasing across various routes. The TC1 75kt MEG/Japan index rose by 44.45 points to WS927.78, while the corresponding Baltic round-trip TCE increased by $14,719/day to $268,877/day. Additionally, the TC2 37kt ARA/US Atlantic Coast index climbed by 34.16 points to WS206.94, with the Baltic round-trip TCE rising by 124% to $14,344/day. This rebound in the VLCC market follows an earlier easing, indicating a positive shift in market conditions.
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