VLCC Tanker Rates Retreated Last Week

VLCC tanker rates retreated last week, with the TC1 75kt MEG/Japan index falling to WS986 and the corresponding Baltic round-trip TCE gaining $14,800 to $285,400/day.

The TC20 90kt MEG/UK-Continent run index rose by $2.73 million to $21.24 million, corresponding to $332,000/day on Baltic round trip.