The suezmax tanker spot market continued to follow VLCCs downward Friday, with the Black Sea market driving the decline in spot rates.
The average time-charter equivalent (TCE) rate for the sector fell to $44,800 per day, according to data from UK shipbroker Howe Robinson.
That’s a 5.4% slump from the $47,400 per day quoted yesterday and a 19.6% drop from this time last week.
The
