Shipping Report

TANKERS Another quiet start with modern Aframaxes in the Med. still around W/S 140. – The Cont. has become very interesting since Friday, due to tight tonnage supply; 80,000-ton cargoes for round-trip voyages are being fixed at W/S 165. – Caribs quiet with the 70,000-ton cargo liftings being fixed at W/S 210. – Suezmaxes are steady in the Med. at around W/S 140, while W. Africa is displaying more cargoes. Rates for 130,000-ton cargoes, with destination US Gulf, at W/S 110. – In the Med., Europet for 80,000 tons of cargo, loading Nov. 28 Black Sea, discharging Med., has fixed M/T «Gerani» at W/S 120. – In the Cont., Murphy has fixed M/T «Clare Spirit» for 80,000 tons of cargo, loading Nov. 29 Norway, discharging UK at W/S 165. – In Caribs, Citgo for 70,000 tons of cargo, loading Nov. 18, discharging US Gulf, has fixed AET tonnage at W/S 210. – In W. Africa, Chevtex for 130,000 tons of cargo, loading Dec. 15, discharging USAC, has fixed Alliance tonnage at W/S 125. DRY CARGO Panamaxes in the Atlantic are holding steady, although by the end of the week brokers had spotted signs of weakness. – The Far East market is steady, not only on Panamaxes but also in Capers, mainly due to ore cargoes. – On Handymaxes, the S. American West Coast has become a very exciting area. Cargoes and time charter orders from Chile are being fixed at ever higher levels. Modern 50,000 dwt Handymaxes are being offered at over USD 16,000 for a trip to the East, while 40-45,000 dwt vessels are still commanding rates of USD 13-14,000 daily. – The Cont. is another place where good freights are available. – The market for smaller vessels in the Med. / B. Sea is still very strong. – On Panamaxes in Far East, Hanjin has fixed M/V «Basic Spirit,» 73,660 dwt, built 1999, delivery Nov. 23-24 Japan for 1 year trading, at USD 9,900 daily. – In Atlantic, BTG has fixed M/V «Jupiter Applause,» 69,123 dwt, built 1997, delivery end Nov. Ireland, redelivery France, at USD 10,250 daily. – On smaller sizes, Armada has fixed M/V «Nikkei Phoenix,» 45,635 dwt, built 2002, delivery W. Africa end Nov. for 2 legs, redelivery Atlantic, at USD 10,500 daily.

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.