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Tanker Market: VLCCs Retreated

Clean LR2 MEG LR2s lost steam this week. The TC1 75kt MEG/Japan index dropped a modest 7.78 points to WS132.5, with the corresponding TCE returns falling back below the $30,000/day mark to $29,600/day, basis Baltic description. A voyage west on TC20 90kt MEG/UK-Continent managed to remain relatively flat across the week, around the $3.8 million …

Source: www.hellenicshippingnews.com

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