Spot rates for aframax tankers in the Mediterranean remain on a tear this year despite no sizeable increase in liftings.
The Baltic Exchange's assessment on rates for the TD19 cross-Mediterranean route settled at $35,065 per day today, up three fold from the $10,674 per day assessment at the beginning of last week.
TD19 rates saw their first bout of strength last November with brokers attributing much of the strength of chartering for both Black Sea and Mediterranean cargoes.
