Shipping Report

TANKERS Fewer VLCC cargoes out of Arabian Gulf. Rates are holding at rates of around W/S 140 for destinations East and around W/S 117.5 for destinations West. – Shell has fixed M/T «Dynamic City» for 229,000 tons of cargo, loading February 24, discharging Far East, at W/S 145. – Weaker conditions for Suezmaxes, with tonnage-building positions for end February dates for West Africa loaders. – In the Mediterranean, the latest fixtures are at W/S 240, while in West Africa they stand at W/S 260. – Aframaxes are holding at stable rates in the Mediterranean mainly because of weather delays in the Bosporus strait, while in Cont., rates are falling, with the 80,000-ton cargoes being fixed at W/S 225. – Caribs seem to have bottomed out, with the 70,000-ton cargo liftings being fixed at W/S 227.5 – 232.5. – In the Med., Alpine for 80,000 tons of cargo, loading February 25, Black Sea, discharging UKC/Med., has fixed M/T «Paula Maersk» at W/S 307.5. – In the Cont., Emerald for 80,000 tons of cargo, loading February 15, North Sea, discharging USA, has fixed M/T «Mersey» at W/S 295. – In Caribs, Valero for 70,000 tons of cargo, loading February 3, discharging US Gulf, has fixed M/T «Eagle Subaru» at W/S 232.5. DRY CARGO Very little activity for Capers, but front hauls still being fixed at USD 105,000 daily with destinations East. – Round-trip voyages in the Pacific are hovering around USD 75,000 daily. Transfield has fixed M/V «Marine Hunter,» 164,891 dwt, built 1984, delivery China February 10-12, for W. Australian round-trip at USD 74,000 daily. – On Panamaxes, very little fresh activity in the East, while in the Atlantic, the expectation of improved single-trip rates remains to be seen. – On T/C periods, Coeclerici has fixed M/V «Oceanis,» 75,211 dwt, built 2001, delivery February 1-5 China for 4-6 months’ trading at USD 48,500 daily, while in the Atlantic, M/V «Jin Kang,» 74,204 dwt, built 2002, delivery Passero February 14-29 for 10-11 months’ trading was fixed at USD 45,000 daily. – In the Atlantic, NNC has fixed M/V «Ruby Crest,» 73,330 dwt, built 1997, delivery US Gulf February 1-5, redelivery Passero, at USD 43,500 daily and USD 620,000 ballast bonus. – On smaller sizes, Shadab has fixed M/V «Oriental,» 45,338 dwt, built 1997, delivery Indonesia end January, trip via Australia, redelivery Pakistan, at USD 29,000 daily. – On coal cargoes, Keoyang has fixed M/V «An Angel Solidarity» for 140,000 tons of cargo, loading Australia February 7-10, discharging Ireland, at USD 39.70 per ton with 40,000-ton load and 25,000 tons discharge.

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.