VLCC Tankers Retreated Last Week

Clean LR2 The TC1 75kt MEG/Japan index eased by eight points this week to WS1005, while the corresponding Baltic round-trip TCE edged up by $100 to $292,000/day. For the TC20 90kt MEG/UK-Continent run, the index dropped by $2.21 million to $19.29 million, corresponding to $297,300/day on Baltic round trip. The TC15 80kt Mediterranean/East index shed $1.70 million to finish at $9.25 million, with the Baltic round-trip TCE falling by $20,400 to $79,200/day.

LR1 The TC5 55kt MEG/Japan index slipped by nine points this week to WS1025, translating to $212,300/day on Baltic round trip. For a trip westward on the TC8 65kt MEG/UK-Continent route, the index dropped by $1.58 million to $14.75 million, while the Baltic round-trip TCE return declined by $27,600 to $223,700/day.

MR The TC17 35kt MEG/East Africa index edged down by five points this week to WS896, although the TCE increased by $1,000 to $113,900/day. On the UK-Continent, the TC2 37kt ARA/US Atlantic Coast index shed 22 points to WS206, with the corresponding Baltic round-trip TCE falling by $3,300 to $13,600/day. In the US Gulf, the TC14 38kt US Gulf/UK-Continent index dropped by 47 points to WS429 and the round-trip TCE declined by $8,500 to $60,800/day. The TC21 38kt US Gulf/Caribbean run fell by $157,100 to $1.47 million, with the corresponding Baltic TCE decreasing by $8,500 to $60,600/day. The MR Atlantic Triangulation Basket TCE dropped from $82,100/day to $72,000/day.

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