Tanker Shipping Rates Post Strong Gains on Middle East Worries

Clean LR2 MEG LR2 freight moved dramatically this week. The TC1 75kt MEG/Japan index ultimately went from WS222 to WS446, with the corresponding TCE climbing to $120,000/day on Baltic description round trip. A voyage west saw the TC20 90kt MEG/UK-Continent index also rise to $8.51 million (+$3.7 million). The TC15 80kt Mediterranean/East index went up …