LR2
Largest clean-products carrier
Median realised TCE
30 Jun 2026· 13 fixtures
What this benchmark measures: Time-charter benchmark for Long Range 2 clean-product tankers (~90,000 to 120,000 dwt), the largest coated tankers, moving naphtha, jet fuel and diesel from Middle East refineries to Europe and Asia.
Observed range
$27k to $60k
$/day across reported fixtures
Quarter over quarter
+47.1%
Year to date
+47.1%
Year over year
+77.6%
5-year
+494.1%
LR2: realised time-charter earnings
Realised quarterly earnings (dots) with a monthly estimate between them; the shaded band is the typical range. The monthly line averages back to each realised quarter, so it fills the path between them without contradicting them. An estimate, not a market index.
Dots: realised time-charter equivalent, the median across owners each quarter. Line: monthly estimate between realised quarters; band: typical range.
Reported fixtures
Latest LR2 fixtures
- STI Gladiator$40,188/day4 Sept
- STI Jermyn$42,500/day4 Sept
- STI Gladiator$40,188/day3 Sept
- STI Jermyn$42,500/day3 Sept
- ASP TBN$45,000/day21 Aug
- MH Highlander$49,000/day· COSCO21 Aug
- TP Spirit$53,250/day· Mercuria21 Aug
- Aetea$40,000/day· Union Maritime21 Aug
- Lyric Magnolia$57,000/day· ADMIC21 Aug
- Hafnia Despina$49,500/day· Mecuria21 Aug
How this benchmark is computed
The headline is the median realised time-charter equivalent ($/day) for the LR2 class each quarter, with a monthly estimate between quarters. The observed range and the fixtures below come from charter fixtures reported in the last 90 days; a class with fewer than two recent fixtures is withheld rather than published on a thin sample.