Spot earnings for MR product tankers in the Atlantic plummeted 24.7% in a single day on Wednesday as their larger cousins made gains in a buoyant market in the Pacific trades.
The Baltic Exchange’s assessment for rates on the triangular route carrying oil products from Rotterdam to New York and back from Houston to Europe lost $8,945 on Wednesday, when time-charter equivalent earnings came in at just above $27,100 per day.
