Clean tanker spot freight rates have increased 43% on all reported routes in January.

Rates in East of Suez gained 17% in January, while on an annual basis the route’s product spot freight rates has increased 49% in the same month, reports hellenicshipping.

Clean spot freight rates for voyages from the Mediterranean have increased 52% in January compared to December last year.

Clean spot freight rates from the Caribbean rose in January increasing 47% from the previous month.

From north-west Europe to the US, clean spot freight rates have increased 72% in January from the previous month, the highest among all clean spot freight rates.