Shipowners’ early optimism for a strong summer market had failed to materialise until the last few days, when rates started to surge due to limited availability of ships.
Before today’s £110,000 charter, day-rates had reached £85,000 and NOK 900,000 during the week.
Jorgen Welde Knudsen, Westshore’s duty broker, told TradeWinds: “It has been a difficult year for the owners but the tightness in the market, which we have been waiting for, has come.”
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