Suezmax rates jump as activity trickles down to the Atlantic

Rising VLCC rates and a busy Atlantic market have helped push suezmax rates upward.

The Baltic Exchange’s suezmax time charter equivalent assessment jumped from $66,605 per day last week to $75,393 per day on Friday, after dipping to $65,944 per day on Monday.

Older suezmax values hit highest level since 2008 as Greek shipowners sell

Read more

The increase came as brokers reported more activity all across the globe.