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Tanker Market Commentary

Sept. 15, 2014

Clean East | The clean petroleum tanker market seems to have simmered down as we start the week.  The activity for LR1s seems to be focused on end September dates.  Is this a sign of a pre-APPEC rush to cover positions? We will see. 

LR2s remained stable with some weakness due to a lack of activity.  MRs in Singapore are well employed and we're not seeing the same spikes as we do on TC5.  The market in the North is also seeing positions get longer.  We will know in the coming days how the market evolved.