LR2 Rates In MEG Under Pressure Despite Mediterranean Gains

LR’s in the MEG we subject to downward pressure this week. The 75Kt MEG/Japan TC1 index dropped 12.78 points to WS160.28. Similarly, for a 90kt MEG/UK-Continent TC20 run freight has come down half a million dollars to $5,230,000.

West of Suez, Mediterranean/East LR2’s on TC15 saw a welcome improvement and the index rose just under 10% to $4,240,000.

In the MEG, LR1’s have also suffered a sharp cut in freight levels this week. The 55kt MEG/Japan index of TC5 went from WS215.94 to WS188.75....

https://mfame.guru/lr2-rates-in-meg-under-pressure-despite-mediterranean-gains/