LR Owners saw redemption last week as rates rebounded and sentiment was strong. Position list on the LR2s looks a tad tight with fresh enquiries looming. Things are looking positive as well for the LR1s as tonnage stays healthy and looking to benefit from the LR2s. It will be an interesting week moving forward to see how much the indices creep upwards.

Elsewhere on the MRs, Rates continue to remain flat on weakened demand while ship availability remains in abundance.