Spot MR earnings in the east-of-Suez market have risen to their highest in more than a year, with tightening vessel supply across the region, market experts said.
The Baltic Exchange assessed the Pacific MR basket rate at $15,192 per day on Wednesday, a 14-month high. This compared with $2,999 per day on 2 August.
In contrast, the Atlantic basket rate has fallen by 58.4%
