Aframax daily earnings are less than half the level seen the year ago amid a lack of cargo, high vessel supply and a lack of seasonal weather factors.
The Baltic Exchange assessed aframax earnings across multiple routes at just around $8,000 per day on Tuesday, compared to $16,400 per day for January 2017.
January typically sees a seasonal high across multiple aframax routes due to fog delays in the Black Sea and ice floes in the Baltic Sea.
