Aframax tankers emerged as the strongest performing crude tankers this week as weather delays combined with a shortage in tonnage to drive up rates, according to brokers.
Average aframax earnings stood at $88,400 a day, up 32% on the week as the robust suezmax market feeds into the smaller tankers, according to Clarksons Securities.
“Rates in Asian markets are lower, whereas rates in the North Sea, Mediterranean, and Caribbean markets are significantly higher, with earnings of $115,000 a day,” said analysts Frode Morkedal and Even Kolsgaard.