Bullish sentiment was sustained across the AG/WCI Market in the product tanker sector. It will be interesting to see what levels the remnants of 3rd Decade cargoes get fixed at amidst buoyant Owner sentiment. We’ve seen a couple of 1st Decade April cargoes emerging last night as well. In line with the robust LR2 market, LR1 rates have moved up as well with activity on the LR1s more brisk than the LR2s. A Japanese Chtr was said to have taken a vsl on subs 55@W135 last night. Many are contemplating if that should be the current benchmark of a steadily firming market.
On the MRs in Asia, activity continued to remain steady in the North with the South not lacking far behind with a tad more fresh enquiries surfacing.