In its latest update on the tanker market, the association says suezmax rates will range between $30,000 and $55,000 daily between March and May.
This compares with the $30,000 to $50,000 daily projected for VLCCs and the $20,000 to $40,000 per day pencilled in for aframaxes.
According to Bimco analyst Peter Sand, the improved rate environment for crude tankers has been met with an upturn in newbuildings.
