Shipping Report

TANKERS Softer conditions on Aframaxes in the Med., with levels less than W/S 120. – Suezmaxes in the same area are steadier, with rates around W/S 85 for 135,000 tons of cargoes. – There is a similar picture in the N. Sea, while Caribs seems firmer due to weather delays. The latest fixtures for 70,000 tons of cargoes at W/S 205-210. Citgo has fixed M/T «Lochness,» loading mid-August Venezuela, discharging USAC, at W/S 210. – Suezmaxes at stable levels out of W. Africa, with the 130,000 tons of cargoes having been fixed at W/S 90. Emerald has fixed M/T «Wilma Yangtze,» loading August 20, discharging USAC, at the above levels. – In the Med., Tamoil for 80,000 tons of cargo, loading July 29 Libya, discharging Med., has fixed Lundqvist tonnage at W/S 120. – In the Cont., Gunvor has fixed M/T «Astro Sirius» for 80,000 tons of cargo, loading August 7, discharging UKC/Med., at W/S 117.5. – In Caribs, Chevtex has fixed M/T «Eagle Charlotte» for 70,000 tons of cargo, loading August 2 East Coast Mexico, discharging US Gulf, at W/S 205. DRY CARGO Firmer conditions on Capers, mainly in the Atlantic basin. – Panamaxes in the same area at very short supply, with the most of prompt tonnage having been absorbed. A couple of fresh mineral cargoes have been quoted while grain business, particularly from S. America, has been limited. – In the East, owners with prompt tonnage are facing an uncertain market. Early ships are building up, particularly in southeast Asia. Charterers are taking advantage and dropping their rate ideas. – Panocean has fixed M/V «Great Luck,» 71,399 dwt, built 1998, delivery July 29-31, trip via USAC, redelivery Far East, at W/S 16,750 daily, while Cobelfret has fixed M/T «Spartia,» 75,115 dwt, built 2000, delivery Aden August 1-10, trip via S. Africa, redelivery UK, at USD 15,500 daily. – In the Atlantic, Cosbulk has fixed M/V «Yong Feng,» 74,100 dwt, built 1999, delivery Amsterdam August 2-5, trip via Baltic, redelivery China, at USD 18,750 daily. – On smaller sizes, Noble has fixed M/V «Mystras,» 48,377 dwt, built 2001, delivery India end July – beg. August via WC India, redelivery China, at USD 14,300 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.