There wasn’t much activity last night with London being away on holidays. Rates maintained at last done levels with the continuation of sluggish demand on the LR Market. With a long tonnage list and an unlikelihood for an influx of cargoes anytime soon, we reckon the freight numbers to soften and weaken further.  

Likewise, there isn’’t much to shout about either on the MR Market as the weakening impact of the LRs are spilling over.