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Tanker Market Commentary

Aug. 8, 2014

Clean East | The Arabian Gulf market ended on a high note.  LR2s are holding steady despite the lack of cargoes.  LR1s are continuing the bullish run and more cargoes are being seen until early September.  Therefore, we could see rates begin to fix higher.  The MRs are slowly bucking the trend.  Singapore remains the same with soft sentiments on the MRs.  The North is getting tighter and sentiment is bullish for loadings until the end of August.