Product tanker rates increased significantly this week with ships rerouting from the Red Sea putting further strain on already tight tonnage, according to analysts.
Clarksons Research reported LR2 eco earnings climbing 8% to $61,200 a day on Thursday while MR eco earnings were up 6.5% to $36,800.
The five-day moving average of product tanker vessel arrivals in the Gulf of Aden is down 58% on average levels from last week, it said.
