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Tanker Market Commentary

Sept. 11, 2014

Clean East | The LR2s are holding well amid firm sentiment on the LR1s and MRs.  As of early this week, about 10-15 LR1 cargoes were seen in the market until the end of September.  Charterers are rushing to fix and owners are asking for WS 125 on TC5.  The Southeast region is still stable and the North looks softer at the moment as less activity is seen.