{
  "id": 7176439,
  "title": "Tankers: VLCC Market on the Rise",
  "url": "https://urgent.news/2026/09/13/tankers-vlcc-market-on-the-rise",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-13T21:00:56.000Z",
  "source": {
    "name": "Hellenic Shipping News",
    "slug": "hellenic-shipping-news",
    "url": "https://www.hellenicshippingnews.com/tankers-vlcc-market-on-the-rise/"
  },
  "original_language": "en",
  "account": "Tankers, particularly VLCC, are experiencing a significant rise in the market, according to recent data from the Baltic Exchange. The TC1 75kt MEG/Japan index surged 209 points to WS785, generating approximately $232,000 per day on a Baltic round trip basis. Meanwhile, the TC20 90kt MEG/UK-Continent index saw a substantial increase of 66% to $16.5 million. In Europe, the TC15 80kt Mediterranean/East index decreased modestly to $6.1 million, with the TCE now at just under $38,000 per day. The LR1 MEG rates also saw a dramatic climb, with the TC5 55kt MEG/Japan index increasing 191 points to WS820. The TD3C route, transporting 270,000 mt Middle East Gulf oil to China, rose 21% from WS677.78 to WS821.11, resulting in a daily round-trip TCE of $862,150. Similarly, the TD34 route from the Gulf of Oman to China increased 62%, reaching a daily TCE of $465,764. In the US Gulf market, the TC14 38kt index declined from WS250 to WS220, while the TC21 38kt US Gulf/Caribbean route decreased by $115,000, with a Baltic TCE of $14,700. Meanwhile, the TC17 35kt MEG/East Africa route increased from WS556 to WS708, providing a daily TCE of $86,600. Across the Atlantic, the rate for the 70,000 mt US Gulf/UK Continent route climbed 136 points to WS375, with a daily round-trip TCE of nearly $99,400.",
  "summary": "Clean LR2 The TC1 75kt MEG/Japan index jumped 209 points this week to WS785 returning around $232,000/day on a Baltic round trip basis. A voyage west also shot up 66% to $16.5 million on the TC20 90kt MEG/UK-Continent index. In Europe, the TC15 80kt Mediterranean/East index came off modestly to $6.1 million (-$80,000), with the ...",
  "key_points": [
    "VLCC market surges 209 points to WS785 on TC1 75kt MEG/Japan index",
    "TC20 90kt MEG/UK-Continent index increases 66% to $16.5 million",
    "TD3C route from Gulf of Oman to China rises 21% to WS821.11"
  ],
  "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."
}