Mediterranean to Japan Clean Freight Rates — LR1, LR2

Rates by vessel and cargo

Each row is a separate USD/mt assessment for its own vessel class and cargo basis. The featured series supplies the headline value and the computed summary and monthly statistics below; it is not an average of the assessments on this lane.

Changes compare consecutive available assessments of the same series. The 30D range shows the minimum and maximum of available USD/mt observations within the trailing 30 calendar days.

What These Assessments Measure

CommodityScope Assessment History

Latest 30 assessment dates, with a separate column for each vessel and cargo basis. All values are shown in USD/mt. Dates without available assessments are omitted. Series histories are not combined or averaged across vessel classes or cargo bases.

Computed Summary — LR2 · 80,000 mt

Calculated by CommodityScope from the USD/mt observations of LR2 · 80,000 mt only. These statistics do not combine LR1 and LR2 assessments. Each statistic states its observation period and calculation method.

1. The latest assessment of $137.50/mt on 2 November 2026 is unchanged from the previous assessment of $137.50/mt on 30 October 2026.

   Method: Absolute change equals the latest assessment minus the previous available assessment. Percentage change equals that difference divided by the previous assessment, multiplied by 100. The two observations are three calendar days apart.

2. Across the 45 available observations from 1 September 2026 to 2 November 2026, the highest assessment was $212.50/mt on 15 October. The lowest was $75.00/mt on 1 September.

   Method: Minimum and maximum of the available assessments within the stated period. These are extrema of the available history, not all-time market records.

3. The latest assessment is 10.0% below the October 2026 average of $152.86/mt, the most recent completed month with 22 daily observations.

   Method: Arithmetic mean of the daily assessments in October 2026. Months still in progress are excluded from this comparison.

Monthly Statistics — LR2 · 80,000 mt (USD/mt)

Arithmetic average, minimum and maximum of the available daily USD/mt assessments for LR2 · 80,000 mt within each calendar month. Observation counts are shown. The current month is marked month to date and is not a completed-month result.

Supporting Indicators for This Lane

Indicative series maintained for the same loading and discharge areas. Each is a separate series with its own basis; none is an input to, or an average of, the assessments above.

CommodityScope Modelled TCE · 2 November 2026

CommodityScope Modelled Indicators

Net daily earnings implied by the CommodityScope freight assessment on this lane after commission, bunkers and stated voyage costs. Non-eco and eco profiles use the same freight rate and differ by consumption and fuel basis. A profile is unpublished when its required bunker grade is missing. MR, LR1, LR2, Aframax, Suezmax and VLCC pairs share one speed; Handysize and Panamax use the published Baltic standard-speed and eco-speed bases. This is not a fixture or a vessel-specific earnings statement.All modelled TCE

Profile v2.0 · weather 5% · commission 2.5% · bunkers as of 2 Nov 2026.Voyage TCE Model Methodology

Related Trade Lanes

Explore other freight markets. Compare cargo type, vessel class, cargo basis and assessment date before comparing displayed rates.