Aframax spot earnings plunged Monday as rates in the North Sea market were cut in half.
The drop represents a severe pullback from spot rates on the TD7 route that spent last week at the highest level since June 2015.
Howe Robinson's estimate of the average earnings for the sector fell to $24,900 per day, a 23.4% slump from the UK shipbroker's estimate on Friday.
The
