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Tanker Market Commentary

Feb. 23, 2015

Clean East | The market is off to a slow start with China still celebrating Lunar New Year.  The LR1 market remains weak due to a long position list and the spread between the LR1s and LR2s is almost nothing.  The MRs are also slow at the moment.  The North looks to be picking up a little as there are quite a number of ships on subjects.