Morning Market Commentary

July 21, 2014

Clean East | Firm sentiment on the LR2s is holding steady due to a tight tonnage list.  Owners are trying their best to test the WS 100 levels for TC1, which could probably be achieved.  LR1s are jumping on the bandwagon and over the weekend WS 105 for TC5 was heard on subjects for 1-5 Aug loading. 

The MRs in the AG region look stable with the help of the LRs.  Meanwhile, the Southeast region looks weaker as the list is getting longer.  The north continues to be stable with ample tonnage. 

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