Earnings on the route climbed by more than 13% midweek as a busy end to the July programme helped rates reach $72,400 per day, according to Clarksons Platou Securities.

“This activity bodes well for next month's loading program, due to begin next week, as rising spot rates just before the start of a new month's cargoes tend to allow for a strong level of support,” analyst Omar Nokta wrote in a report.