A busy suezmax market saw earnings jump, while product tanker rates on benchmark routes continued falling on Wednesday.
The Baltic Exchange’s suezmax time charter equivalent assessment rose more than $10,000 since Monday, rallying from $62,100 per day to $72,100 per day.
“The suezmax market remains busy today and with tonnage tight in the Med/[Black Sea] and Atlantic, rates continued to firm in all of these areas,” shipbroker Howe Robinson said.
