Morning Market Commentary

June 23, 2014

Clean East | The East of Suez market has started on a weak note for LR2s.  It's rumored a ship was taken at WS 77.5 on the TC1 route.  LR1s may continue their soft trend due to a long tonnage list.  MRs are also seeing a long list and rates are under pressure for this tanker class as well.  The Southeast market seems to be softening as well due to weak sentiment in the AG. 

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