Tankers: VLCC Market Still Elevated

Tankers: VLCC Market Still Elevated

Tankers: VLCC Market Still Elevated

in International Shipping News
30/03/2026

Clean

LR2

The TC1 75kt MEG/Japan index went from WS383 to WS411 this week.

A voyage west also saw the TC20 90kt MEG/UK-Continent index climb a little to $7.32 million (+$78,100).

The TC15 80kt Mediterranean/East index rose by $1.38 million to $9.98 million this week with the corresponding TCE up to $89,800/day on Baltic description round trip.

LR1

The TC5 55kt MEG/Japan index has been assessed up 6 points this week to W424.

A run west on TC8 65kt MEG/UK-Continent ended the week with the index $60,700 higher to $5.65 million.

On the UK-Continent, LR1 freight down to west Africa jumped another 30 points this week to WS330 for the TC16 60kt ARA/West Africa index. This took the Baltic TCE for the route to $69,400/day round trip.

MR

The TC17 35kt MEG/East Africa index continued up to the tune of 58 points to WS650 this week.

On the UK-Continent, MRs continued their recovery this week. The TC2 37kt ARA/US-Atlantic Coast index was assessed 67.5 points higher than last week at WS300 with the Baltic TCE for the round trip now at $33,900/day.

In the US Gulf, MR freight spiked mid-week only to them lose some steam. The TC14 38kt US Gulf/UK-Continent run is currently assessed at WS518 (+48.5) after topping out at WS556. The Baltic round trip TCE for the run is now at $79,900/day. The Caribbean voyage on TC21, 38kt US-Gulf/Caribbean followed the same pattern and is presently assessed at $1.97…


Full report available at the source:

Read Full Article on Hellenic Shipping News »