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Tanker Market Commentary

Jan. 22, 2015

Clean East |  Depsite the activity seen on the LR2s in the AG - sentiment is still soft.  The list is getting longer which is preventing rates from making any headway.  LR1s are losing their piece of market share to the LR1s, while MRs are holding stable.  The Southeast is becoming more active and ships have been put on subjects for shorthaul voyages.  In spite of this activity though, the list is still plentiful.  MRs are seeing some activity in the Far East, but still no upward pressure on rates.