Tradewinds: Suezmaxs’ Turn in Rout

02 Sep 2015: “The Baltic Exchange’s time-charter equivalent (TCE) average of key routes in the segment fell nearly $3,420, or 12.7%, today alone to hit $23,500 per day.That’s a 17.7% drop in daily earnings from Tuesday of last week.The slump came amid plunges today that spanned the the breadth of the tanker sector, with all major crude and products tanker sizes showing red numbers on the Baltic. Erik Broekhuizen, head of tanker research at New York shipbroker Poten & Partners.”