The Baltic Exchange’s assessment of the TC1 route between the Middle East Gulf and Japan added another World Scale (WS) 0.5 today to reach WS99.1, the highest level since 19 May.
That amounts to a time-charter equivalent of more than $13,300 per day, which was last accomplished around the same time in May, according to data from the London-based exchange.
US tanker broker McQuilling Partners said today that a tight tonnage list is pushing firm sentiment in the LR2 market.
“Owners
