ECONOMY

Shipping Report

TANKERS Market levels still stand at W/S 160 for VLCCs to Arabian Gulf / Korea-Japan and W/S 190 for Suezmaxes to W. Africa / USA / US Gulf, although the number of new fixtures is limited. – On Aframaxes, a bit more fixing and failing in the Med., with modern tonnage at W/S 205-215 out of the Black Sea and around W/S 195 for normal cross Med. fixings – Cont. quieter, although we have seen levels at W/S 170 for 80,000-ton round trip voyages. – Caribs even quieter than the day before, with the 70,000-ton cargo liftings being fixed at W/S 105-107.5. – In the Med., Gunvor for 80,000 tons of cargo, loading Jan. 25 Russia, discharging Med., has fixed M/T «Minerva Emma» at W/S 215. – In Cont., Exxonmobil has fixed Lundqvist tonnage for 80,000 tons of cargo, loading Jan. 28 UK, discharging UKC, at W/S 160. – In Caribs, Stasco for 70,000 tons of cargo, loading Jan. 22 East Coast Mexico, discharging US Gulf / USAC, has fixed AET tonnage at W/S 107.5 / 117.5, respectively. – In W. Africa, Vitol for 130,000 tons of cargo, loading Feb. 11, discharging US Gulf, has fixed M/T «Arteaga» at W/S 190. DRY CARGO Capers weaker with lesser inquiry, especially in Far East. Cosbulk has fixed M/V «Champel,» 146,351 dwt, built 1986, delivery mid January China, trip via W. Africa, at USD 20,250 daily. – Panamaxes still in good demand in Far East, with Mol Navix having fixed M/V «Medi Kobe,» 75,924 dwt, built 2001, delivery end January Philippines via Indonesia, redelivery Japan, at USD 18,250 daily. – Steadier conditions in Atlantic with Chinese charterers having fixed M/V «Medi Tokyo,» 74,356 dwt, built 1999, delivery Italy end Jan. trip via US Gulf, redelivery China, at USD 13,500 daily. – On smaller sizes, J. Lauritzen has fixed M/V «Kavo Alenandros II,» 27,586 dwt, built 1986, delivery end Jan. Med. for 3-5 months period, at USD 7,050 daily. – On grain cargoes, Pacnan for 25,000 tons of cargo, loading UK mid January, discharging Adriatic, has fixed M/V «Olympic Miracle» at USD 16.00 per ton with 4,000-ton load and 4,000 tons discharge.