Suezmax spot rates have cooled but remain strong on the back of surging VLCCs, Fearnleys said.
The Baltic Exchange said time charter equivalent rates for the second-largest tanker tanker class dipped to just under $64,900 per day on Wednesday. That is the sector’s second consecutive day of declines after they reached multi-month highs of $69,700 per day on Monday.
But suezmaxes were continuing to benefit from skyrocketing VLCC rates, which
