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Tanker Market Commentary

Aug. 11, 2014

Clean East | LR2s are holding stable and hear a ship is on subjects for WS 115 on TC1.  LR1s are still on a strong run with cargoes seen until early September and hearing some fixtures on subs at around WS 120-125 levels on TC5.  MRs are stable due to the LR1s, but upside is limited due to ample tonnage.  Southeast is still a bit quiet today and meanwhile, in the North, it is still firm.  There are some end month cargoes still uncovered, but the tonnage list is very short.