Suezmax rates soar to 12-month high as Black Sea shipments increase

Suezmax earnings in the Mediterranean have hit their highest level for over a year as more Kazakh oil was loaded in the Black Sea.

UK shipbroker Braemar quoted rates at $63,000 per day on Thursday, up from a low of $18,000 at the start of this year.

Tankers could make more money running on VLSFO as scrubber premium shrinks

Read more

The Baltic Exchange assessed spot suezmax rates at an average worldwide of $52,000 per day on Thursday, slightly above VLCCs and up 21% in a week.