Tanker rates tick upward, even as coronavirus fears persist

Tanker rates on some routes climbed on Monday — including to China — but Covid-19 coronavirus fears continue to drag on the market.

Overall, the Baltic Dirty Tanker Index fell three points to 862, while time charter equivalent rates on TD3C Middle East Gulf to China route rose $700 to $21,151 and US Gulf to China TCE rates jumped $424 to $25,804.