ECONOMY

Shipping Report

TANKERS A quiet start, with Aframax rates in the Med. holding around W/S 215, while 140,000-ton cargoes out of the Black Sea are still being fixed at W/S 220. – Lukoil for 80,000 tons of cargo, loading April 6, Black Sea, discharging Med., has fixed M/T «Sea Scout» at W/S 220, while Alpine for 140,000 tons of cargo, loading April 24, discharging UKC/Med., has fixed M/T «Iran Saveh» at same levels. – N. Sea quieter, with the latest Aframax fixtures at W/S 135-140, while Caribs remain stable. – Valero has fixed M/T «Jag Laxmi» for 70,000 tons of cargo, loading April 7 East Coast Mexico, discharging US Gulf, at W/S 247.5. – Latest W. Africa rates for Suezmaxes at around W/S 160. Sun has fixed M/T «Wilmina» for 130,000 tons of cargo, loading April 24, discharging USAC, at W/S 157.5. – VLCCs out of Arabian Gulf around W/S 90. Shell has fixed M/T «Navix Astral» for 260,000 tons of cargo, loading April 26, discharging Far East, at W/S 89. – In the Med., Hess for 90,000 tons of cargo, loading April 9 Algeria, discharging USAC, has fixed M/T «Arafura Sea» at W/S 175. – On Suezmaxes, Exxonmobil has fixed M/T «Besiktas» for 140,000 tons of cargo, loading April 18 Egypt, discharging Italy, at W/S 197.5. – In the Cont., Exxonmobil has fixed M/T «Krymsk» for 80,000 tons of cargo, loading April 7 East Coast UK, discharging UKC, at W/S 135. – In Caribs, Valero for 70,000 tons of cargo, loading April 8 East Coast Mexico, discharging US Gulf, has fixed M/T «Sintra» at W/S 235. DRY CARGO Another uninspiring day for Capers in both the Atlantic and Far East. Markets largely steady. – In the Atlantic, North China has fixed M/V «Front Driver,» 169,416 dwt, built 1991, delivery Ijmuiden, redelivery Far East, at USD 81,500 daily, while M/V «Moon Dancer,» 135,160 dwt, built 1983, delivery China March 30-31, was fixed to Noble for a trip via S. Africa to China at USD 45,000 daily. – Active market for Panamaxes in the Atlantic basin, with most of the trips to the East via S. America hovering around USD 50,000-53,000 daily. – Transatlantic round trips have slipped below USD 40,000 daily. – China Steel has fixed M/V «Tetien Trader,» 73,910 dwt, built 2001, delivery Skaw end March, trip via Canada, redelivery Taiwan, at USD 56,500 daily, while M/V «Filippo Lembo,» 75,264 dwt, built 1997, delivery end March Genoa for Transatlantic round-trip voyage, redelivery Skaw-Passero was fixed at USD 39,500 daily. – On Panamax in Far East, Shinwa has fixed M/V «Ariadne,» 73,018 dwt, built 1999, delivery March 29-31 Japan, for 4-6 month period at USD 50,000 daily. – In Atlantic, Coeclerici has fixed M/V «Alaska,» 71,694 dwt, built 1997, delivery Algeria end March, trip via Venezuela, redelivery UKC, at USD 41,500 daily. – On smaller sizes, Eitzen has fixed M/V «Sea Blessing,» 42,620 dwt, built 1987, delivery China end March, redelivery Philippines, at USD 28,000 daily. – On coal cargoes, AEP for 150,000 tons of cargo, loading S. Africa May 1-15, discharging Rotterdam, has fixed M/V «Mineral Azalea» at USD 20.00 per ton with 2-day load and 20,000 tons discharge.