VLCC Tanker Market on the Rise

🇬🇷 Hellenic Shipping News (GR) —

AI Summary

The Very Large Crude Carrier (VLCC) tanker market showed signs of growth with some fluctuations in voyage and time charter rates across key routes in the Middle East Gulf, Japan, UK-Continent, and Mediterranean. Market values dipped briefly but returned to previous levels.

Clean LR2 The TC1 75kt MEG/Japan index dipped to WS345 this week to then return back to its previous WS360 level. A voyage west dropped in value again this week with the TC20 90kt MEG/UK-Continent index going from $8.15 million to $7.94 million. In Europe the TC15 80kt Mediterranean/East index came off by a modest ...

Markets Shipping VLCC tanker voyage rates time charter Middle East Gulf Japan route Mediterranean market

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