Morning Market Commentary

Aug. 5, 2014

Clean East | The LR2s are holding stable as the tonnage list is tight; however, no fresh cargoes seen in the market currently.  The bulk of the action is still on the LR1s with activity seen for promptish loadings.  MRs are also picking up, but because the list is long, there's no room to move rates up.  Singapore is also becoming soft as limited activity is being met with adequate supply.  The north is still active on a tight list until end of August. 

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