ECONOMY

Shipping Report

TANKERS Fair amount of activity in the N. Sea, with modern Aframaxes pushing above W/S 120. – Active market in the Med., with modern at W/S 145, while Caribs seem quieter and at stable levels. Kochh has fixed Teekay tonnage for 70,000 tons of cargo, loading April 21 Colombia, discharging US Gulf at W/S 210. – On Suezmaxes, W. Africa is stable, although Sun has fixed M/T «Genmar Alta» for 130,000 tons of cargo, loading May 8, discharging USAC at W/S 98.5. – In the Med., Vitol for 80,000 tons of cargo, loading April 24 Black Sea, discharging UKC/Med., has fixed Minerva tonnage at W/S 140. – In the Cont., Exxonmobil for 80,000 tons of cargo, loading April 18 France, discharging US Gulf, has fixed M/T «Four Island» at W/S 135. – In Caribs, Premcor for 70,000 tons of cargo, loading April 18, discharging US Gulf, has fixed M/T «Columbia Spirit» at W/S 210. – In W. Africa, Arcadia has fixed M/T «Solviken» for 130,000 tons of cargo, loading April 28, discharging UKC/Med., at W/S 100. – In Arabian Gulf, Exxonmobil has fixed M/T «Universal Brave» for 265,000 tons of cargo, loading May 4, discharging Japan-Singapore, at W/S 80 – W/S 85 respectively. DRY CARGO Capesize rates remain firm, with China Steel Express having fixed M/V «Iron Queen,» 161,183 dwt, built 1996, delivery Rotterdam April 15-20 trip via Brazil, redelivery Taiwan, at USD 31,000 daily. – In the East, Cosbulk has fixed M/V «Lowlands Sunrise,» 175,600 dwt, built 2003, delivery/redelivery China April 20-30 via Australia, at USD 27,500 daily. – On Panamaxes, charterers in the East are actively working T/C periods. Transfield has fixed M/V «Great Ambition,» 73,500 dwt, built 1999, delivery Taiwan April 24-26 for 11-13 months’ trading at USD 13,100 daily. – Handymaxes/Handies are very firm with Pan Ocean having fixed M/V «Aetos,» 48,893 dwt, built 2001, delivery Brazil April 15-20, redelivery Japan, at USD 17,000 daily and USD 300,000 ballast bonus. – On smaller sizes, M/V «Top Wisdom,» 47,100 dwt, built 1997, delivery Taiwan end April for 12-month period, has been fixed at USD 10,800 daily.