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Tanker Market Commentary

Nov. 17, 2014

Clean East | The East of Suez market is off to a slow start without much noise of fresh inquiries or replacement requirements today.  TC5 is being heard at WS 125 for a replacement of 55,000 tons of naphtha out of New Mangalore off end Nov.  This is a strong reflection of the weakness in this segment when just last week owners were talking WS 130.  TC1 has WS 112.5 on subs for Chrysanthemum loading 75,000 tons out of AG off early December.  We will see how the rest of the week goes.