Little has changed in the LR market since last Friday as owners failed to grab a premium for Qatar loading. Abundant tonnage supply in the region seems to have outweighed any effect from the Qatar diplomatic crisis. Market sentiment is soft for now.
The MR market in the SEA region has seen more activity, supported by strong gasoline demand from Indonesia during Ramadan season and diesel demand from India due to heavy ongoing refinery maintenance. The market in the North is stable for now.