After reaching a ceiling LR rates began to drop this week in the MEG. After topping out a WS320 (up from WS278) the rate for 75kt MEG/Japan is currently pegged at WS313. The 90kt MEG/UK-Continent TC20 voyage similarly stopped climbing at $7.9 million to then resettle at $7.8 million.
West of Suez, Mediterranean/East LR2’s improved modestly this week and the TC15 index went from $4.38 million to $4.41 million.
LR1In the MEG, LR1’s freight followed the pattern of the LR2’s but not to the same...
https://mfame.guru/aframax-market-north-sea-gains-contrast-with-atlantic-declines/