ECONOMY

Shipping Report

TANKERS Firm conditions in all areas, with Aframax fixtures in the Med. ranging from W/S 350 to W/S 400, while Cont. market is moving upward with BHP fixing Nordic Akarita for 80,000 tons of cargo cross UK at W/S 272.5. – In the same area, Tamoil on Suezmaxes has fixed M/T «Knock An» for 135,000 tons of cargo, loading Tees, discharging Wilhelmshaven, at W/S 217.5. – In the Med., Sibneft has fixed M/T «Aegean Freedom» for 80,000 tons of cargo, loading Black Sea, discharging Med. at W/S 375, while Lukoil has fixed M/T «St Nicholas» for same cargo size and trip at W/S 360. – On Suezmaxes in the same area, BP has fixed Thenamaris tonnage, loading Supsa, Black Sea for 135,000 tons of cargo at W/S 280, while Karran has fixed M/T «Marina M» for 140,000 tons of cargo at W/S 245. – In West Africa, Sun has fixed M/T «Cosmic» for 135,000 tons of cargo, discharging USAC at W/S 192.5. Same charterers have also fixed the VLCC M/T «Bourgogne» for 260,000 tons with same destination at W/S 141.25. – In Caribs, Hess has fixed M/T «Evros» for 50,000 tons of cargo, loading St Croix, discharging USAC, at W/S 350, while Emerald has fixed Beyrl for 70,000 tons of cargo, loading Whead, discharging USAC, at W/S 325. DRY CARGO Stable conditions in the market with charterers showing strong interest in short T/C periods. – On Capers, Sanko has fixed M/V «Tien Shan,» built 1994, for a 128,826-dwt delivery Kakogawa March 6-8 via Newcastle, redelivery Continent, at USD 18,750 daily. – On Panamaxes, Bottiglieri has fixed M/V «Monte Pelmo,» built 2000, for a 72,917-dwt delivery Hachinohe on February 28-March 5 for 30-32 months’ trading, redelivery worldwide, at 11,600 USD daily. – Cargill has fixed M/V «Dimitris Perrotis,» built 1984, with a 64,933-dwt delivery to Recalada March 11-15, redelivery Skaw-Cape Passero, at USD 102,50 daily and 320,000 ballast bonus, option for a second round-trip voyage at USD 10,750 daily, while Bunge has fixed M/V «M. Faruk,» built 1984, for a 63,494-dwt delivery Brazil March 5, redelivery Far East, at 11,900 USD daily and 290,000 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.