In the spot market Suezmax activity has slowed this week, with charterers biding their time, placing pressure on rates.
Same story for Black Sea and the Mediterranean, with the rate on the cross-Med route down to WS 110.
On the period sector, same tonnage achieve rates that hover around $22,500/pdpr for 1 Year, while smaller Aframax
for the same period can achieve $17,500/pdpr.
