As more cargoes flood the market, both the LR1 and LR2 markets firmed after a quiet start to the week. Tighter requirements from charterers looking for tonnage with last cargo naphtha also lent support to the market. LR2 rates were up by W10 points from the beginning of the week to 75@W102.5.
The MR market in the Far East has been stable over the past week. Some owners have indicated that market sentiment is firm to stable with enough cargo enquiry seen.