Suezmax tanker rates jumped over 10% Thursday after hitting a year-to-date low earlier this week.
The Baltic Exchange’s assessment for time charter equivalent (TCE) rates for suezmax tankers rose $2,859 to $24,048 per day. The rate started the week at $16,280 per day.
The Baltic’s TD6 route, which covers suezmax transits from Novorossiysk, Russia, to the Italian port of Augusta, was behind most of the gain.
