Tanker rates moved to higher ground last month.

The tanker market reached a higher ground during February. According to OPEC's latest monthly report, "dirty freight rates improved in February, with m-o-m gains in VLCCs and Suezmaxes outpacing declines in Aframaxes. VLCCs picked up from a low base, as renewed demand for long-haul vessels strengthened rates. On the Middle East-to-East route, dirty spot freight rates rose 22 percent m-o-m. Gains in Suezmax spot freight rates earned back some of the previous month's...