Suezmax period charter rates remain muted amid ample tonnage and slight demand growth, but some market sources see another year or more of struggles.

Oslo-based broker Fearnleys puts a one-year rate for suezmaxes at $16,000 per day. Earlier this year, the rate was calculated at $16,750 per day.

Allseas Marine secured only $16,000 per day for the 159,800-dwt RS Aurora (built 2018).