Spot rates are surging for aframax crude tankers and long-range-two products tankers.
The Baltic Exchange's estimate of average aframax time-charter equivalent rates jumped nearly $2,290 to $12,100 per day, a 23.3% increase in one day.
That also marks a 33.1% jump since the close of last week, when average TCE rates came in at about $9,090 per day.
Caribbean bounce
Caribbean rates mounted a sharp rebound after declining from a January spike.
The
