Strong sentiment loomed overnight for the LR2s. With 2nd decade cargoes still seeking tonnage, rates are holding steady as presented by a healthy tonnage list. Likewise on the LR1s, freight rates have stabilized with 2nd and 3rd decade cargoes working. There is still a little optimism for Owners to look forward to with the current market progression.
On the MRs, the North Asia market continues to be driven by a slight surge in cargoes with rates being concluded higher than last done. However, how long this will last remains to be tested.