Suezmax spot rates jumped Wednesday as the sector intensified this week's rebound from its downward spiral.
The Baltic Exchange's assessment of the average time-charter equivalent rate for the sector jumped nearly $2,580 in one day, bringing daily earnings to roughly $3,480 per day.
That's an increase from a TCE rate of just $426 on Friday and the highest level since 9 August, but it's still a very low rate.
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