Shipping Report

TANKERS VLCCs rates remain firm at W/S 110 and W/S 135 for West and East respectively. – Suezmax trade in the N. Sea remains low, with rates slipping in line with W. Africa. – A number of cargoes are still to be covered out of the Black Sea, however due to presence of tonnage rates are expected to ease. – W. Africa has moved down to W/S 155 for the normal 130,000 tons run with destination USAC. – Aframax steady in the N. Sea and softening in the Med. the 80,000 tons and 100,000 tons of cargoes out of Baltic in the N. Sea are still fixed at W/S 150, while in the Med. the 80,000 tons of cargoes are fixed at W/S 175. – CSSA for 80,000 tons of cargo, loading June 8 UK, discharging UKC, has fixed M/T «Astro Sirius» at W/S 150, while Lukoil for 100,000 tons of cargo, loading June 19 Baltic with same destination, has fixed M/T «Maratha» at the same levels. – In the Med., ENI has fixed M/T «Cape Akrotiri» for 80,000 tons of cargo, loading June 18, discharging Italy, at W/S 187.5. – Caribs is firming, with the latest fixtures for the 70,000 tons of cargo at W/S 190. – Valero has fixed M/T «Overseas Shirley» for 70,000 tons of cargo, loading mid-June East Coast Mexico, discharging US Gulf, at W/S 187.5. – In W. Africa, Petrogal for 130,000 tons of cargo, loading June 28, discharging Portugal, has fixed Genmar tonnage at W/S 180. – In the Arabian Gulf, IOC has fixed M/T «Folk Star» for 280,000 tons of cargo, loading June 19, discharging East Coast India, at W/S 130. DRY CARGO Capesize rates steadier in the East. Brokers are expecting gains in the short term. – Atlantic rates have firmed slightly, with fewer prompt ships in the area. – In the East, Transfield has fixed M/V «Kapadokia,» 141,475 dwt, built 1981, delivery China June 8-15, for Australian round voyage at USD 37,000 daily. – In the Atlantic, Solebay has fixed M/V «Cape Jupiter,» 171,700 dwt, built 1997, delivery June 8-10 Ireland, trip via Brazil, redelivery China, at USD 65,000 daily. – Easier rates for Panamaxes, with the market largely driven by mineral cargoes. – In the Far East, Swiss Marine has fixed M/V «Alabanda,» 74,044 dwt, built 1995, delivery Japan June 13-14, for 2 laden legs, redelivery Atlantic, at USD 18,000 daily. – In the Atlantic, Cargill has fixed M/V «Talisman,» 73,670 dwt, built 1993, delivery beg. June Ghent, for 2 laden legs, redelivery Atlantic, at USD 27,500 daily, option redelivery Far East at USD 31,000 daily. – On T/C periods, Panocean has fixed M/V «Oriental Sun,» 72,651 dwt, built 1998, delivery China June 13-14, for 11-13 months’ trading at USD 21,000 daily. – On ores, BHP Billiton has fixed M/V «Stonegate» for 160,000 tons of cargo, loading June 20-30 Australia, discharging China, at USD 11.25 per ton with 2-day 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.