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WAF-UKC Suezmax Rates Jump: Platts

FREIGHT

The West of Suez dirty tanker market on Jan. 4 saw a large jump in Suezmax rates amid several fixtures loading in WAF and the Black Sea, according to Platts.

  • There were four fixtures in WAF, and a further two in the Black Sea.
  • The market has seen a burst of activity after a quiet start to the year, Platts added. Active enquiries after the Christmas and New Year holiday have made it a sellers’ market.
  • The main driver boosting Suezmax rates is a firming US Gulf Aframax market, as well as tightening supply in WAF.

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