Tanker Market Commentary

Oct. 10, 2014

Clean East | The week is ending on a firm note with LR1s leading the way. High fixture prices of LR1s are reported on all segments, TC5 55,000 x WS117.5, East Africa 60,000 x WS132.5 and US $2 million to the UK Continent. MRs following closely with the ex-AGs being more active.  A lack of cargoes for LR2s have put the larger tankers in catch-up mode.  Far East shows firmness as several cargoes are being quoted.

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