{
  "id": 57785,
  "title": "VLCC Tanker Market Moving Higher Again",
  "url": "https://urgent.news/2026/08/02/vlcc-tanker-market-moving-higher-again",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-02T21:00:56.000Z",
  "source": {
    "name": "Hellenic Shipping News",
    "slug": "hellenic-shipping-news",
    "url": "https://www.hellenicshippingnews.com/vlcc-tanker-market-moving-higher-again/"
  },
  "original_language": "en",
  "account": "The VLCC tanker market witnessed an upward trend this week, with several indexes showing positive changes. The TC1 75kt MEG/Japan index dropped 2.5 points to WS497, while the TC20 90kt MEG/UK-Continent index decreased from $9.46 million to $9.3 million. However, the TC15 80kt Mediterranean/East index gained over $500,000, reaching $5.86 million with a Baltic TCE of just over $36,700/day. LR1s experienced a slight decline, with the TC5 55kt MEG/Japan index falling 7 points to WS518-519 and a TC8 65kt MEG/UK-Continent index moving slightly lower to just over $7.27 million. The Baltic TCE for the round trip stood at $58,279/day. MR freight on the UK-Continent improved, with the TC2 37kt ARA/US-Atlantic Coast index rising 11 points to just over WS160, and the Baltic TCE reaching $6,315/day. The US Gulf's MR freight also rose by almost 40 points to over WS317 for the TC14 38kt US Gulf/UK-Continent route, with the Baltic round trip TCE at $40,050/day. The Caribbean voyage on TC21 (38kt US Gulf/Caribbean) saw a significant gain of over $182,000, ending at just over $1.1 million with a TCE of $40,400/day.",
  "summary": "Clean LR2 The TC1 75kt MEG/Japan index slipped 2.5 points this week to WS497. A voyage west also saw a reduction in value this week, with the TC20 90kt MEG/UK-Continent index going from $9.46 million to $9.3 million. For the TC15 80kt Mediterranean/East index, this moved in a positive direction again, gaining over $500,000 to ...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}