---
title: Limited tonnage fuels tanker market momentum
description: Increased sanctions boost overall revenues
image: https://blog.maritimefinance.ch/hubfs/W7_article_1.jpg
---

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# Limited tonnage fuels tanker market momentum

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02/21/2025 [TANKER MARKET UPDATE](https://blog.maritimefinance.ch/en/marketreportweekly/tag/tanker-market-update)

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Increased sanctions boost overall revenues

The tanker market continues to advance positively, with average earnings for crude tankers rising by 16% week-on-week to exceed $40,000 per day. This increase is mainly attributed to conventional tankers benefiting from intensified sanction activities and limited tonnage availability in Western regions.

Suezmax Earnings on a Steady Rise

According to Clarksons, earnings in the Suezmax segment have strengthened across all routes, with rates on the Mediterranean-China route via the Suez Canal increasing by 48% week-on-week. While crude tankers have experienced the most significant revenue growth, the product tanker market has also gained ground, rising by an average of 10% this week to reach around $20,000 per day. This increase is primarily driven by a consolidating MR market, supported by robust activity both east and west of Suez.

*Source: Clarksons Research*

 

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---

## Related Posts

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[TANKER MARKET UPDATE](https://blog.maritimefinance.ch/en/marketreportweekly/tag/tanker-market-update)

[Admin](https://blog.maritimefinance.ch/en/marketreportweekly/author/admin) 05 February, 2025

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