ECONOMY

Shipping Report

TANKERS Busier market on Aframaxes in the Med., with more than seven Aframax fixtures, with rates ranging from W/S 300 to W/S 315. – N. Sea stable, with 100,000-ton cargoes out of the Baltic Sea being fixed around W/S 240-245. J&S has fixed M/T «Krymsk» for 100,000 tons of cargo, loading Feb. 8, discharging UKC, at W/S 245. – Caribs quiet, while tonnage is building up. – Suezmax market remains firm in the Med. and in W. Africa. – China Oil has fixed M/T «Silia T» for 135,000 tons of cargo, loading Feb. 21, discharging Med., at W/S 367.5, while in W. Africa, Eni has fixed M/T «Sifnos» for 130,000 tons of cargo, loading Feb. 20, discharging Italy, at W/S 297.5. – On VLCCs and in Arabian Gulf, NGT for 260,000 tons of cargo, loading Feb. 13, discharging Japan, has fixed M/T «Falcon» at W/S 152.5, while Koch for 275,000 tons of cargo, loading Feb. 28, discharging US Gulf, has fixed M/T «Sylt» at W/S 125. – In the Med., Arcadia has fixed M/T «Kition» for 80,000 tons of cargo, loading Feb. 4 Algeria, discharging US Gulf, at W/S 285. – In Caribs, Koch for 50,000 tons of cargo, loading Jan. 29, discharging US Gulf, has fixed M/T «Dromeas» at W/S 295. DRY CARGO A sluggish week, especially in the Far East due to holidays in China. Spot rates are generally easier while demand for period fixtures remains firm. – M/V «Aquajoy,» 171,000 dwt, built 2003, delivery China Feb. 5-7, was fixed at USD 85,000 daily, while in the Atlantic, Noble has fixed M/V «Big Bang,» 171,305 dwt, built 1985, delivery Spain Feb. 10-12, redelivery Far East, at USD 102,000 daily. – Easier spot rates on Panamaxes, not only in the East but also in the Atlantic. There is some fresh transatlantic business but very little is being quoted from the US Gulf to Far East. – In Far East, Mol Navix has fixed M/V «Western Trader,» 74,000 dwt, built 2001, delivery end-Jan. Japan for Australian round trip at USD 39,600 daily, while in the Atlantic, Transfield has fixed M/V «Noble Foam,» 78,570 dwt, built 1981, delivery Jan. 27-30 Rotterdam, trip via Brazil, redelivery China, at USD 43,500 daily. – On Handymaxes, big numbers are still being discussed, especially for Atlantic tonnage. Eitzen has fixed M/V «Yasa Kaptan Erbil,» 52,434 dwt, built 2002, delivery end-Jan. US Gulf, for two legs at USD 52,500 daily. – BBT has fixed M/V «Murat Kiran,» 38,888 dwt, built 1985, delivery Korea end-Jan., trip via Australia, redelivery Iraq, at USD 23,000 daily. – On ore cargoes, Worldlink has fixed M/V «Cape America» for 150,000 tons of cargo, loading Australia end-Jan., discharging Beilun & Nantong (China), at USD 22.50 per ton with two-day load and 30,000-20,000 tons discharge.