Shipping Report

TANKERS Steady rates for VLCCs out of the Arabian Gulf, with latest fixtures still at W/S 90-92.5 with destination East. – Zhenrong for 257,000 tons of cargo, loading April 27, discharging China, has fixed M/T «Tinos» at W/S 90. – Suezmax rates remain firm in most areas. – Rates out of Black Sea still at W/S 230-235, while normal cross Med. cargoes at W/S 210. – In W. Africa, rates also remain firm, with the latest fixtures hovering around W/S 170. Reliance with destination India has fixed M/T «Genmar Transport» at W/S 165. – Aframax market in the Med. is stable, with an increased number of fixtures, while Cont. remains quiet. – Tamoil for 80,000 tons of cargo loading 12 April Libya, discharging Italy, has fixed M/T «Livia» at W/S 205, while in the Cont., Sibneft for same cargo, loading April 15, discharging UKC, has fixed M/T «Petrovsk» at W/S 135. – Caribs with lesser inquiry, with Chevtex having fixed Genmar tonnage for 70,000 tons of cargo, loading April 13 East Coast Mexico, discharging US Gulf, at W/S 205. – In Caribs, Adam has fixed M/T «Cape Avila» for 70,000 tons of cargo, loading April 7 Venezuela, discharging USAC, at W/S 245. – In the Arabian Gulf, Zhenrong has fixed M/T «Tinos» for 257,000 tons of cargo, loading April 27, discharging China, at W/S 90. DRY CARGO Capesize market has rates that are largely unexciting in most areas. One broker described it as «tired.» – On long T/C, Employment IVS has fixed newbuilding «Anangel Innovation,» 172,220 dwt, for 10 years’ trading at USD 26,500 daily. – On Panamaxes, Atlantic rates are holding steady. Front-haul rates continue to hover around the low mid-USD 50,000 daily for trips to the East and in the very low USD 40,000 daily for quick round voyages. – Period rates have slipped, and this seems to have attracted one or two players to the market. – In the East, both single trips and period rates have eased, with this market still in a gap for the moment. – On Panamax in Far East, Nyk has fixed M/V «Marichristina,» 74,410 dwt, built 2001, delivery Taiwan April 7-8, redelivery Japan, at USD 37,500 daily. – In Atlantic, Coeclerici has fixed M/V «Kookaburra,» 76,507 dwt, built 2000, delivery UK 4-5 April, trip via Maracaibo, redelivery Cont., at USD 40,500 daily. – On smaller sizes, Mol Navix has fixed M/V «Oluja,» 42,584 dwt, built 1996, delivery China beg. April, trip via India, redelivery Japan, at USD 25,000 daily. – On coal cargoes, NCSC has fixed Cargill tonnage for 150,000 tons of cargo, loading May 1-15 Richards Bay, discharging Israel, at USD 19.25 per ton with 2 days’ load and 30,000 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.