LR2 rates on the AG/JPN route were stable at WS90 except for the Qatar loading which requires a premium of 2.5 points as supported by recent fixture. LR1 rates were under pressure as most fixtures were concluded at WS105. Naphtha cargo inquiries are abundant but it was not enough to light up the shadow casted by the shortage of other product cargo inquires.

The MR market in the North seems to be firming up a bit though not many outstanding cargoes are seen. Current upward trend needs support from 3rd decade cargoes to sustain.