Shipping Report

TANKERS Extremely quiet in the Med., with Aframax market rates moving sharply downward. – OMV has fixed M/T «Trident Hope» for 80,000 tons of cargo, loading Libya May 1-2, at W/S 100, while Shell for same cargo, loading April 28 Algeria, discharging Med., has fixed M/T «Paula Maersk» at W/S 103.75. – In the Cont., the majority of the cargoes are coming out of the Baltic, with rates holding around W/S 150. Europet has fixed M/T «Nordic Torinita,» loading April 29, discharging UKC, at W/S 170 (replacement), while Petroval has fixed M/T «Moscow» for 100,000 tons of cargo, loading May 4, discharging UKC, at W/S 145. – Caribs stable, with Valero having fixed M/T «Pink Sands» for 70,000 tons of cargo, loading April 21 East Coast Mexico, discharging US Gulf at W/S 118.5, while on smaller sizes, Ursa for 50,000 tons of cargo, loading April 28, discharging USAC, has fixed M/T «Cleliamar» at W/S 325. – The VLCC rates out of Arabian Gulf have eased, with CPC having fixed M/T «Kaimon» for 257,000 tons of cargo, loading May 11, discharging Taiwan, at W/S 89.5. – Suezmaxes almost steady in the Med., with Petraco having fixed M/T «Aegean Lady» for 140,000 tons of cargo, loading May 5, discharging UKC/Med., at W/S 142.5, while in W. Africa, Exxonmobil for 130,000 tons of cargo, discharging Med., has fixed M/T «Super Lady» at W/S 110. – In the Med., Petroplus for 80,000 tons of cargo, loading May 2 Egypt, discharging Med., has fixed Teekay tonnage at W/S 110. – In W. Africa, BP for 130,000 tons of cargo, loading May 17, discharging US Gulf, has fixed M/T «Genmar Kestrel» at W/S 117.5. – In Arabian Gulf, S. Oil for 270,000 tons of cargo, loading May 8, discharging S. Korea, has fixed M/T «Iran Harsin» at W/S 99. DRY CARGO The market remains active in the East on Capers. Shinwa has fixed M/V «Katerina V,» 171,061 dwt, built 2004, delivery April 25-30 Korea, trip via Australia, redelivery Japan, at USD 65,000 daily. – Cosco in the same area has fixed M/V «Faneromeni,» 149,212 dwt, built 1989, delivery May 1-8 China, trip via Australia, at USD 54,000 daily. – The Panamax rates are stable, with charterers appearing to have tempered their interest for period tonnage, sensing a further fall in rates. – A handful of fresh cargoes were quoted but brokers are talking of a significant volume of early tonnage in all areas. – Bottiglieri has fixed M/V «Tai Prize,» 73,000 dwt, built 2001, delivery May 1-10 Japan, for 10-12 months’ trading, at USD 39,000 daily, while in the Atlantic, Grant has fixed M/V «Chang Ho,» 80,416 dwt, built 2000, delivery end April Amsterdam, for 2-3 legs, redelivery UKC/Med., at USD 52,000 daily. – On smaller sizes, Tasman Orient Lines has fixed M/V «Margret Oldendorff,» 24,190 dwt, built 1992, delivery end April Far East, for three years’ trading at USD 14,500 daily. – On coal cargoes, CMC has fixed SK shipping tonnage for 150,000 tons of cargo, loading Colombia end May, discharging Denmark, at USD 18.50 per ton with a 50,000-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.