VLCCs: Market Relatively Flat Last Week in International Shipping News 08/06/2026 Clean LR2 The TC1 75kt MEG/Japan index dropped an incremental 6.39 points to WS510 this week. A voyage west also came down with the TC20 90kt MEG/UK-Continent index going from $10.16 million to $9.87 million. The TC15 80kt Mediterranean/East index came down a further $680,000 this week to $4.47 million with the corresponding TCE dropping 34% to $18,800/day on Baltic description round trip. LR1 The TC5 55kt MEG/Japan index was also assessed 6 points lower this week to WS540. A run west on TC8 65kt MEG/UK-Continent saw the index hold resolute all this week at $8.27 million. MR The TC17 35kt MEG/East Africa index continued along at the WS730 level this week still giving a little over $90,000/day on Baltic description round trip TCE. On the UK-Continent, MR freight was driven downward again this week. The TC2 37kt ARA/US-Atlantic Coast index was marked 18 points less than last week at WS135, with the Baltic TCE for the round trip now at $2,400/day. Returns have not been this low since November 2024. In the US Gulf, MR freight levels continued to head upwards this week. The TC14 38kt US Gulf/UK-Continent added 29 points to WS259 with the Baltic round trip TCE for the run up now to $28,000/day. The Caribbean voyage on TC21, 38kt US-Gulf/Caribbean also moved up and over the $1 million threshold this week to $1.01 million with the corresponding TCE climbing to its current level $34,900/day on Baltic description. The MR Atlantic Triangulation Basket TCE went from $33,540/day to $35,832/day. Handymax In the Mediterranean, Handymax rates were slashed again this week with the TC6, 30kt Cross-Mediterranean index marked down 67 points to WS181, translating to $14,000/day (58% drop) on Baltic TCE round trip. The TC23 30kt Cross UK-Continent also sunk by 57 points this week to WS216, giving $20,000/day on Baltic TCE round trip. VLCC The Baltic panellists now assess the rate for the TD3C route (270,000