New York-listed Teekay Tankers says rates secured so far in the third quarter are up to five times higher than the same period of last year.

The company revealed “strong” spot figures of $29,600 per day for 43% of suezmax days so far in the July to August period, with aframaxes at $35,600 for 37% of fleet days, and LR2s at $35,400 for 37% of days.