Drewry products tanker index moved up 3.4% in December on the back of seasonal uptick in vessel earnings and an uptrend in the broader equity market driven by COVID-19 vaccine rollouts in the US, Europe and other countries. The S&P 500 gained 3.7% MoM whereas the Baltic clean tanker index surged 9.7% over the same period on the back of increased activity on all major routes which tightened the availability of prompt tonnage in the latter part of the month.
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