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Clean Tankers · CommodityScope Indicative Freight Assessments · West of Suez

UK Continent to US Gulf Coast Clean Freight Rates — MR, LR1

The featured CommodityScope assessment is $65.14/mt for LR1 cargoes of 60,000 mt as of 2 November 2026, unchanged from the previous assessment. Separate MR and LR1 assessments are shown below. The featured value is not a lane-wide average.

Featured Assessment — LR1 · 60,000 mt
$65.14/mt
Unchanged vs previous assessment
Assessment Date
2 November 2026
45 assessment dates available since 1 September 2026
Trade Lane
UK Continent → US Gulf Coast
2 assessment bases · MR, LR1
  • MR · 37,000 mt$49.13/mt
  • LR1 · 60,000 mt$65.14/mt

USD/mt. Each line is one vessel and cargo basis. Calendar gaps are not interpolated.

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.

Vessel / cargo basisAssessment (USD/mt)Change (USD/mt)30D observed range (USD/mt)Assessment date
MR · 37,000 mt49.13+0.5539.74–49.682 Nov 2026
LR1 · 60,000 mtFeatured65.140.0060.72–70.662 Nov 2026

What These Assessments Measure

CommodityScope publishes separate indicative spot freight assessments for clean petroleum product cargoes from the UK Continent loading area to US Gulf Coast.

Vessel class and cargo bases are listed in the table above. Each is a distinct series; the featured assessment is not a lane-wide average.

Each assessment represents CommodityScope's estimate of the freight market level for its stated basis on the assessment date. It is not a vessel-specific offer, confirmed fixture or agreed charter-party rate.

Assessment Basis

  • Loading area: UK Continent
  • Discharge area: US Gulf Coast
  • Vessel classes: MR, LR1
  • Cargo bases: 37,000 mt; 60,000 mt
  • Primary assessment unit: USD/mt
Assessment type:
CommodityScope Indicative Assessment
Series Specification:
CS-TFR-CLN-UKC-USGC-LR1-60

Contract-Specific Terms Not Specified

  • Named vessel and charterer
  • Shipment-specific laycan
  • Agreed loading and discharge terms
  • Contractual demurrage terms

These assessments do not establish the terms of a particular fixture. Terms not included in the stated assessment basis are not inferred. Separate demurrage indicators are available on the tanker demurrage page.

Units and Assessment Frequency

  • USD/mt of cargo is the assessment unit for every freight series on this page.
  • These are daily assessment series. Changes compare consecutive available assessments of the same series; the interval may span more than one calendar day.

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.

DateMR · 37,000 mtLR1 · 60,000 mt
2 Nov 202649.1365.14
30 Oct 202648.5865.14
29 Oct 202648.5865.14
28 Oct 202649.6865.14
27 Oct 202649.6865.14
26 Oct 202649.6865.14
23 Oct 202647.4765.14
22 Oct 202643.6165.14
21 Oct 202641.9565.14
20 Oct 202641.9570.66

Computed Summary — LR1 · 60,000 mt

Calculated by CommodityScope from the USD/mt observations of LR1 · 60,000 mt only. These statistics do not combine MR and LR1 assessments. Each statistic states its observation period and calculation method.

  1. The latest assessment of $65.14/mt on 2 November 2026 is unchanged from the previous assessment of $65.14/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 $70.66/mt on 13 October. The lowest was $44.16/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 0.3% below the October 2026 average of $65.31/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 — LR1 · 60,000 mt (USD/mt)

Arithmetic average, minimum and maximum of the available daily USD/mt assessments for LR1 · 60,000 mt within each calendar month. Observation counts are shown. The current month is marked month to date and is not a completed-month result.

MonthAverageMinimumMaximumObservations
November 2026Month to date65.1465.1465.141
October 202665.3150.2370.6622
September 202646.4244.1649.6822

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

Same origin and destination, different cargo market: UK Continent to US Gulf Coast Dirty Tanker Freight Rates · Panamax · 55,000 mt; Aframax · 80,000 mt; Suezmax · 135,000 mt.

Related laneAvailable series / featured basisLatest (USD/mt)Date
Mediterranean → US Gulf Coast1 series · MR · 37,000 mt56.572 Nov 2026
UK Continent → UK Continent2 series · featured MR · 30,000 mt33.502 Nov 2026
UK Continent → Brazil1 series · MR · 37,000 mt60.612 Nov 2026
UK Continent → US Atlantic Coast2 series · featured LR1 · 60,000 mt46.382 Nov 2026
UK Continent → West Africa2 series · featured LR1 · 60,000 mt54.752 Nov 2026
ARA → Arabian Gulf1 series · LR1 · 60,000 mt75.002 Nov 2026
Baltic → East Coast South America1 series · MR · 37,000 mt156.762 Nov 2026
Baltic → Mediterranean1 series · MR · 37,000 mt124.322 Nov 2026

How to Interpret These Assessments

CommodityScope freight assessments represent indicative spot market levels for the stated route, vessel class and cargo basis. They are not vessel offers or confirmed fixtures. Actual freight may differ by exact ports, vessel specification, laycan and charter-party terms.

Use for

Tracking freight trends and comparing matching vessel/cargo bases.

Not intended for

Confirming vessel availability or replacing a firm freight quotation.

Data details

Freight series identifiers for the assessments on this page:

MR · 37,000 mt
CS-TFR-CLN-UKC-USGC-MR-37
LR1 · 60,000 mt
CS-TFR-CLN-UKC-USGC-LR1-60

CommodityScope Indicative Assessment. See the Clean Tanker Freight Methodology v1.0 for assessment definitions and statistical methods. Demurrage indicators are on the tanker demurrage page.

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