Suezmax and aframax tanker rates surged for a second day as enquiry for tonnage to move cargoes in the US Gulf Coast leaped upward.
Key Baltic Exchange indicators for spot earnings in the segments each jumped by more than 23% on Thursday, with the data showing a broad-based surge across routes.
For suezmaxes, the Baltic’s reading of spot time-charter equivalent rates gained by nearly $6,800 on Thursday, climbing to more than $35,100 per day.
