ECONOMY

Shipping Report

TANKERS Market at stable levels, with modern Aframaxes in the Med. around W/S 155, while Suezmaxes at W/S 135-140 for 135,000-ton cargoes. – Cont. with no recent fixtures but W/S 140 is expected for 80,000-ton cargoes, while Caribs remain firm with 70,000-ton cargo liftings being fixed at W/S 270. – W. Africa with a lot of VLCC fixings with destinations mainly toward India. – On Suezmaxes in W. Africa, Exxonmobil has fixed M/T «Minerva Nounou» for 130,000 tons of cargo, loading May 11, discharging US Gulf, at W/S 132.5. – In the Med., Shell for 80,000 tons of cargo, loading Libya end-April, discharging Med., has fixed M/T «Arafura» at W/S 150. – On Suezmaxes, Sibneft has fixed M/T «Georgios S» for 135,000 tons of cargo, loading May 4 Russia, discharging UKC/Med., at W/S 145. – In the Cont., Gunvor for 80,000 tons of cargo, loading April 25 Baltic, discharging UKC, has fixed M/T «Athina M» at W/S 250. – In Caribs, Petrobras has fixed M/T «Aegean Spirit» for 70,000 tons of cargo, loading April 25, discharging US Gulf, at W/S 270. – In W. Africa and on VLCCs, Koch for 260,000 tons of cargo, loading May 8, discharging US Gulf, has fixed M/T «Sovereign Unity» at W/S 92.5. DRY CARGO Trading had slowed significantly ahead of Easter holidays and is expected to start moving again. – Rates are still firm for all sizes. – On Capers, there are rumors that M/V «Bulk Asia,» 170,578 dwt, built 2000, open May 11, Immingham was fixed at USD 35,000 daily. – In the East, M/V «Matilde,» 160,013 dwt, built 1997, for an Australian round-trip voyage was fixed at USD 28,000 daily. – On Panamaxes in Far East, Worldlink has fixed M/V «Red Rose,» 6,629 dwt, built 2003, delivery S.Korea end April for 23-25 month period at USD 12,350 daily. – In the Atlantic, ENC has fixed M/V «Joyous World,» 69,286 dwt, built 1995, delivery April 22-28 UKC trip via France, redelivery Passero, at USD 18,700 daily. – On smaller sizes, IVS has fixed M/V «El Tango,» 34,698 dwt, built 1983, delivery S. Africa end April, redelivery Med., at USD 10,000 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.