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Crude and product tanker market surges: Suezmax and Aframax/LR2 TCEs hit exceptional levels on robust spot demand

31 August 2026
3 sources

Over the last 24 hours, reporting from listed tanker operators confirms exceptionally strong freight conditions: Capital Tankers’ fleet‑wide TCE for Q2 2026 reached $116,260 per day, with spot TCE at $126,022 per day, while Suezmax and Aframax/LR2 units earn particularly high returns. Market commentary from Heidmar Maritime points to Suezmax spot rates in the $150,000–200,000 per‑day range and Aframax rates around $100,000 plus, highlighting a very tight tanker market across crude and product segments.

According to Q2 2026 financial results released on September 1, 2026, the tanker freight market remains extremely firm. Capital Tankers reported that its fleet‑wide time‑charter equivalent (TCE) averaged $116,260 per day in the second quarter, up from $97,309 per day in the first quarter. On the spot side, performance was even stronger: the company achieved a spot TCE of $126,022 per day, with 83 % of available days exposed to the spot market. By segment, Suezmax vessels earned about $166,754 per day on spot voyages, while Aframax/LR2 ships generated approximately $104,229 per day; the company’s single VLCC operated under a time charter at roughly $97,076 per day.

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