TC2
Meaning
TC2 is the Baltic Exchange benchmark MR route for a 37,000-tonne clean products cargo from Rotterdam to New York.
Also written as TC2 route, UKC/USAC MR
TC2 explained
TC2 is the classic transatlantic MR trade, moving European gasoline to the US East Coast. Combined with TC14 in the other direction, it forms the “triangulation” MR owners use to cut ballast time.
Related terms
MR tanker
An MR (medium range) tanker is a product tanker of about 25,000 to 55,000 deadweight tonnes, the most common size for gasoline, diesel and jet fuel.
TC14
TC14 is the Baltic Exchange benchmark MR route for a 38,000-tonne clean products cargo from the US Gulf to the UK-Continent.
Baltic Exchange
The Baltic Exchange publishes daily freight assessments for benchmark tanker routes, such as TD3C, which the market uses as reference rates.
UKC
UKC (UK-Continent) is the market term for the discharge and load region from the UK across North-west Europe, roughly Le Havre to Hamburg.