Rates for suezmaxes gained ground on Tuesday as ships faced delays transiting the Dardanelles.
The Baltic Exchange's benchmark TD6 route for Black Sea-Mediterranean voyages reached World Scale (WS) 117.95 Tuesday, a jump of WS 4.45 from yesterday and a 59% increase since the beginning of the month.
On a time-charter equivalent rate basis, the Baltic marked the TD6 route at $43,000 per day, up from $14,740 per day at the start of November.