Aframax tanker rates race skywards fired by Mediterranean fixing frenzy

After chugging along for most of the last several weeks, aframax rates spiked thanks to a flurry of activity in Europe.

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Clarksons fleet weighted average for the tankers came in at $37,600 per day on Wednesday, a rise of nearly 17% day-on-day.

Rates for an eco-designed aframax on a cross-Mediterranean journey surged more than 27% to $51,200 per day.