Shipping Report

TANKERS Firmer conditions on Suezmaxes out of N. Sea with Hess and BP having fixed Caribs and US Gulf destinations, respectively, at W/S 155. – On Aframaxes in the same area, the market is looking quieter with good demand only for FO transportation to various destinations. – The Med. is steady with latest fixtures for prompt loadings at W/S 250, while at later dates, the 80,000-ton cargo liftings are fixed at W/S 225-235. – Caribs more active out of Colombia and Mexico. Rates are hovering around levels of W/S 130-135. – W. Africa very firm with Hess fixing for replacement M/T «Front Warrior» for 135,000 tons of cargo, loading Jan. 5, discharging USAC, at W/S 177.5. – In the Med., Chevtex has fixed M/T «Minerva Maya» for 80,000 tons of cargo, loading end Dec. Black Sea, discharging Med., at W/S 250. – In the Cont., M/T «Framura» for 80,000 tons of cargo, loading end Dec. UKC, discharging USAC, has fixed at W/S 215. – In Caribs, Navion has fixed M/T «Clyde Spirit» for 70,000 tons of cargo, loading Dec. 25, discharging US Gulf, at W/S 137.5. – In W. Africa, Sun has fixed M/T «Venetia» for 130,000 tons of cargo, loading Jan. 12, discharging USAC, at W/S 157.5. DRY CARGO The upward trend on indices and freight rates continues. – On Capers, Kline has fixed M/V «Sea Azalea,» 171,000 dwt, built 1999, delivery Passero February 1-10 for 10-12 months’ trading, at USD 19,250 daily. – The Atlantic market in Panamaxes appears quieter. In the traditional grain route, US Gulf / Japan Conagra for 54,000 tons of cargo, loading Jan. 1-15, has fixed at USD 25.25 per ton with 11 days all purposes. – In the East, Shinwa has fixed M/V «Millenium Venture,» 72,561 dwt, built 2000, delivery/redelivery Japan, trip via Australia, at USD 13,500 daily. – On smaller sizes, Seaboard has fixed, M/V «Ken Emerald,» 38,200 dwt, built plate, Dec. 14-16, redelivery S. Africa, at USD 8,600 daily and USD 175,000 ballast bonus.

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.