Shipping Report

TANKERS The VLCC market remains interesting, with rates out of the Arabian Gulf with destinations east hovering around W/S 120. – Shell for 270,000 tons of cargo, loading July 17, discharging Far East, has fixed tanker tonnage at W/S 127.5, while Idemitsu for 252,000 tons of cargo, loading July 26, discharging Japan, has fixed M/T «Tohdoh» at W/S 115.5. – Suezmax rates out of this area are dropping, with latest fixtures at W/S 145 with destinations east. – The Med. market in Suezmaxes remains steady, with signs of it rising to W/S 165 for cross-Med. cargoes. Erg has fixed M/T «Front Ardenne,» loading July 13 Egypt, discharging Italy, at W/S 165. – W. African market was very quiet last Friday but rates remain steady in the mid W/S 160s for all destinations. VLCCs from the same area also in tight supply. – Aframaxes steady in the Med. with the cross-trip 80,000-ton cargoes being fixed around W/S 220. – OMV for 80,000 tons of cargo, loading July 7 Egypt, discharging Italy, has fixed Minerva tonnage at W/S 225, while Tamoil for same cargo, loading July 10 Libya, discharging Med., has fixed M/T «Gaetano d’Alesio» at same levels. – In the N. Sea, rates are holding at W/S 160, while on 100,000-ton cargoes with destination US Gulf, Sibneft has fixed M/T «Moscow River,» loading July 7 Tallin, discharging UKC/Med., at W/S 175. – Caribs stable, with Chevtex having fixed M/T «Genmar Ajaw» for 70,000 tons of cargo, loading July 2 East Coast Mexico, discharging US Gulf, at W/S 202.5, while Exxonmobil for same cargo, loading July 5 with same destination, has fixed M/T «Tsunami» at W/S 190. DRY CARGO Capesizes rates are certainly on the move for tonnage, particularly in the East, while the expectation still stands for strengthening in the Atlantic too. – Round-trip voyages in the East are being negotiated around USD 45,000 daily. Noble has fixed M/V «Maria I. Angelicoussi,» delivery China July 1, for Australian round-trip voyage at USD 43,000 daily. – In the Atlantic, rates are expected shortly to reach USD 40,000 daily for round-trip voyages. The last known fixture is that of M/V «Aquabella,» 161,010 dwt, built 1995, delivery July 5-10 Pasero, trip via Colombia, redelivery Portugal, at USD 32,000 daily. – On Panamaxes, NCL has fixed M/V «Four Steel,» 74,443 dwt, built 1999, delivery Malaysia beg. July, for 4-6 months’ trading at USD 23,000 daily. – In Atlantic’ Norden has fixed M/V «Legiony Polskie,» 73,505 dwt, built 1991, delivery UK end June-beg. July via the Baltic, redelivery UKC/ Med., at USD 16,500 daily.

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.