Tankers: VLCC Market Trending Higher

LR2 The TC1 75kt MEG/Japan held flat this week with the index published around the WS565-568 level. A voyage west also remained steady with the TC20 90kt MEG/UK-Continent index climbing a modest by $34,300 to $9.38 million. West of the Suez Canal, the TC15 80kt...
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Panama Canal Postpones Neopanamax Draft Adjustment

The Panama Canal will maintain the current maximum authorized draft for vessels transiting the Neopanamax Locks which will allow customers to continue operating under the existing 14.63-meter (48.0-foot) Tropical Fresh Water (TFW) limit.   A previously announced...
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