Tanker Market Commentary

Sept. 10, 2014

Clean East | Sentiment continues to be weak for LR2s; however, LR1s are hanging on to firmer sentiment and heard 55,000 x WS 120 for done AG/Japan.  MRs are also firm and there are quiet a number of ships on subs until the end of September.  Overall activity will probably help the LR2s hold ground.  The Southeast market is holding stable with ample activity. The North looks to be losing further ground with a longer tonnage list for MRs to LR2s. 

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