In a daily market briefing Global Hunter Securities (GHS) noted rates for tonnage operating in the Mediterranean and Black Sea, in particular, are losing momentum.
Suezmaxes trading in these regions are commanding roughly $51,670 per day on average, which represents daily and weekly declines of nearly 20% and 45%, respectively.
GHS claims aframaxes operating in the Mediterranean are going for $43,500, which is 28% lower than yesterday and 55% below levels seen seven days ago.
The
