A redeeming week it was for Owners last week with rates steadying throughout. The question looming on everyone’s minds is how long will the rates stay stable. With most cargoes being covered and the list still staying tight, let’s see what the remnants of the 1st Decade March does.

Likewise on the LR1s, the rates have stayed in contrast with that of the LR2s. MRs continue to stay soft with weakened demand week on week.