Shipping Report

TANKERS Steadier conditions in all markets, with Cont. at W/S 180 for modern Aframax while Med. at W/S 250 ex Black Sea. – In W. Africa, after a number of VLCCs have been fixed in the area, the Suezmax market remains quiet with rates hovering around W/S 160-165 for all destinations. – In the Med., most for 80,000 tons of cargo, loading Feb. 15, discharging Italy, has fixed M/T «Sea Nostrum» at W/S 275.5. – In the Cont. and on Suezmax, Emerald for 135,000 tons of cargo, loading Feb. 18 N. Sea, discharging USWC, has fixed M/T «Sonangol Kizomba» at W/S 167.5. – In Caribs, Blanchard for 130,000 tons of cargo, loading Feb. 9 East Coast Mexico, discharging US Gulf, has fixed M/T «Arteaga» at W/S 180. – In W. Africa, Emerald has fixed M/T «Cosmic» for 130,000 tons of cargo, loading Feb. 16, discharging USAC, at W/S 170. DRY CARGO The downtrend of rates continues, not only for Capers but for Panamaxes too. – Atlantic market is suffering from an oversupply of prompt tonnage, with several ships in ballast and several more due open in the next few days. – New business quoted in the Atlantic has largely been for second half Feb. loaders. – In the East, L. Dreyfus has booked M/V «Yong Tong,» 74,382 dwt, built 2001, for a trip from Puget Sound to Thailand at USD 10,750 daily and USD 180,000 ballast bonus. – On Handies/Handymax, the US Gulf remains firm for ships over 35,000 dwt. Fayette has fixed M/V «Britannia,» 48,377 dwt, built 2001, delivery Turkey end January, trip via Ukrane, redelivery Far East, at USD 12,500 daily. – In the Far East, Eta has fixed M/V «Full Strong» 70,171 dwt, built 1994, delivery Taiwan end January, trip via Australia, redelivery India, at USD 10,250 daily. – In the Atlantic and on smaller sizes, Mur has fixed M/V «Pacific Embolden» 43,396 dwt, built 1993, delivery Muscat end Jan., trip via South Africa, redelivery Far East, at USD 9,850 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.