Morning Market Commentary

July 22, 2014

Clean East | LR2s are still firm on the back of a tight tonnage list.  Hearing some charterers may be planning to split LR2 cargoes.  LR1s are also firming due to the stronger LR2 market, but the upside is limited.  The MRs in the AG region are beginning to look better with more activity and cross-AG cargoes are calling around the mid-US $200,000 levels.  The Southeast region remains weak and the list is getting even longer.  The North continues to be stable and we may see some firming as the list tightens. 

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