Tanker Clean Daily

August 18, 2017
- Week

The LRs market softened over the week even though tonnage supply appears to be tight. While there was no lack of fresh cargoes, rates saw a downward correction during holidays in the East. Rates are expected to hold steady for now.

A shorter MR position list in the Far East and robust cargo demand have led to rates seeing some improvement over the week. There is potential for rates to firm further.

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