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Tanker Market Commentary

Aug. 12, 2014

Clean East | The LR2s positions in the AG are still tight and sentiment is poised to firm on the bullish LR1s.  Hearing a fixure on subjects for WCI/Singapore at 60,000 x WS 140.  MRs are also moving high on bullishness - hearing 35,000 x WS 175 on subs for AG/SAFR - an increase of 15 WS points over last done.  Southeast is still quiet for today and meanwhile in the North, it is still firm.  There are some end month cargoes still uncovered and hearing some replacemetns done due to inclement weather in the North.  The tonnage list is still very short.