Morning Market Commentary

July 8, 2014

Clean East | LR2s are holding steady around the WS 80 region, while LR1s are still facing weak sentiment.  The MR list is still long and a few cross-AG voyages have been done in the low US $200,000 levels.  Singapore continues to remain soften with the lengthening positions and more prompt MRs seen.  The North is looking to remain stable and some replacement voyages are expected to be seen due to typhoon No. 08 affecting the Japan to Korea regions. 

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