The MEG came out of the Christmas hibernation yesterday as the second half of January liftings came into play, albeit with modest activity to show for it. Rates continue to be under pressure, as witnessed by an “over-aged” unit reportedly doing WS 36 for a short Thailand run at prevailing ’21 flat rates, and modern units hovering just north of WS 40 (’21) MEG/Eastbound.
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Source: Fearnpulse
