VLCC Tanker Rates on the Rise

The TC1 75kt MEG/Japan index moved consistently upward this week to WS432 (+70). A voyage west climbed in value this week with the TC20 90kt MEG/UK-Continent index going from $7.94 million to $8.66 million. In Europe the TC15 80kt Mediterranean/East index held level around its current $4.2 million all week, the corresponding TCE at just over $16,300/day on Baltic description round trip.