Both TC1 and TC5 saw a boost at the start of the week as both markets firmed considerably. With a thinning tonnage list, Owners sentiment is strong and they are bullish in getting higher than last done rates. With both LR2 and LR1 markets complementing each other, hopefully the current pace of fixing will sustain as the list of cargo enquiries builds up. It will be interesting to see what this week brings as the rates start creeping upwards.

Notably on the MRs, rates are holding firm both in the Far East and Ag-WCI region, supported by sufficient cargo enquiries amidst a healthy position list.