Rates continue to hold steady on the LR2s but doubts remain if they can remain at current levels for much longer as cargo enquiries start diminishing. Mkt sentiment is currently around he W112.5-W115 lvl as supply continues to be tight.

Things are still looking bright for the LR1s as Owners continue to be resilient for date-sensitive cargoes despite a balanced list of ships. A bit more activity in the North for the MRs but still unlikely to bring rates up. Singapore continues to remain muted with lower enquiries seen.