VLCC owners are succeeding in raising spot rates but it may still be too early to tell if recent positive moves indicate the beginning of the long-awaited tanker market recovery.

Daily earnings for modern eco-ships are up more than 11% compared with a week earlier, and 21% since the same week in August.

Clarksons Platou Securities quotes a 2015-built eco-vessel at $10,500 per day on Thursday, against $9,600 two days earlier.