The Maritime
Dry Bulk Freight Index3,056▲ +4.4%Capesize5,033▲ +6.3%Dirty Tanker Index2,801▼ -0.1%Panamax2,246▲ +3.7%Supramax1,643▲ +0.1%Clean Tanker Index1,353▲ +0.0%Handysize880▲ +0.3%Dry Bulk Freight Index3,056▲ +4.4%Capesize5,033▲ +6.3%Dirty Tanker Index2,801▼ -0.1%Panamax2,246▲ +3.7%Supramax1,643▲ +0.1%Clean Tanker Index1,353▲ +0.0%Handysize880▲ +0.3%Dry Bulk Freight Index3,056▲ +4.4%Capesize5,033▲ +6.3%Dirty Tanker Index2,801▼ -0.1%Panamax2,246▲ +3.7%Supramax1,643▲ +0.1%Clean Tanker Index1,353▲ +0.0%Handysize880▲ +0.3%Dry Bulk Freight Index3,056▲ +4.4%Capesize5,033▲ +6.3%Dirty Tanker Index2,801▼ -0.1%Panamax2,246▲ +3.7%Supramax1,643▲ +0.1%Clean Tanker Index1,353▲ +0.0%Handysize880▲ +0.3%Dry Bulk Freight Index3,056▲ +4.4%Capesize5,033▲ +6.3%Dirty Tanker Index2,801▼ -0.1%Panamax2,246▲ +3.7%Supramax1,643▲ +0.1%Clean Tanker Index1,353▲ +0.0%Handysize880▲ +0.3%Dry Bulk Freight Index3,056▲ +4.4%Capesize5,033▲ +6.3%Dirty Tanker Index2,801▼ -0.1%Panamax2,246▲ +3.7%Supramax1,643▲ +0.1%Clean Tanker Index1,353▲ +0.0%Handysize880▲ +0.3%
Freight & charter · Tanker

LR2

Largest clean-products carrier

All freight indices

Median realised TCE

$59k$/day

30 Jun 2026

What this benchmark measures — Time-charter benchmark for Long Range 2 clean-product tankers (~90,000–120,000 dwt) — the largest coated tankers, moving naphtha, jet fuel and diesel from Middle East refineries to Europe and Asia.

Quarter over quarter

+37.7%

Year to date

+37.7%

Year over year

+66.3%

5-year

+456.2%

Realised TCE · reconstructed monthly

LR2 — realised time-charter earnings

Q4 2015 – Q2 2026

Real quarterly $/day from listed shipowners’ own earnings filings (the marked anchors), with a monthly path reconstructed between them from licence-clean freight, activity and commodity indicators. The reconstruction averages back to each real quarter exactly; the shaded band is its interpolation uncertainty. A model estimate, not a market index — independent of any licensed benchmark.

Anchors: realised TCE disclosed in public shipowners’ SEC filings (facts, cross-owner median per quarter). Monthly path: Chow-Lin reconstruction from licence-clean indicators — a model estimate, not a licensed index.

Reported fixtures

Latest LR2 fixtures

View all
  • a 2026-built aframax/LR2 scrubber-fitted tanker$27,420/day20 Aug
  • Mandarin River$17,250/day· Dingsheng Shipping28 Apr
  • Lowlands Freedom$70 mln each· Odfjell28 Apr
  • $4.05M11 Jan
  • $4.05M10 Jan
  • WS 15022 Dec
  • $4.05M12 Dec

How this benchmark is computed

The median reported time-charter rate ($/day) across the charter fixtures our own pipeline collects for the LR2 class, using only those reported in the last 90 days so the figure reflects the current market. Snapshotted each ingest cycle; a segment with fewer than two recent fixtures is withheld rather than published on a thin sample. Data we collect ourselves — no third-party licence — so we publish it in full alongside the reported fixtures behind it.