The suezmax spot market continued to dig for a bottom, with day rate estimates falling below $1,000 as some routes continued to show loss-making levels.
The Baltic Exchange's estimated time-charter equivalent rate came in at just $871 per day today, down from about $1,060 yesterday.
The estimate is the lowest level since a brief dip into negative earnings in October 2013.
The day's decline came as the WorldScale 46.1
