Shipping Report

TANKERS While the Med. market mainly on Aframaxes remains steady, N. Sea and especially Caribs market has moved sharply upward. – In the Med., the 80,000-ton round-trip voyages are still being fixed at W/S 130, while in Suezmaxes there is a trend for improvement. – KPC for 80,000 tons of cargo, loading Sept. 28 Libya, discharging Italy, has fixed M/T «Iran Abadeh» at W/S 130, while Exxonmobil for 130,000 tons of cargo, loading Oct. 5, discharging Italy, has fixed M/T «Sea Voyager» at W/S 137.5. – In the N. Sea, rates have moved to W/S 145. Dreyfus has fixed M/T «Aegean Spirit» for 80,000 tons of cargo, loading Sept. 27, for UKC round-trip at above-said levels. – Rates in Caribs have spiked to above W/S 200. – Conoco for 70,000 tons of cargo, loading Sept. 30 East Coast Mexico, discharging US Gulf, has fixed M/T «Cape Akrotiri» at W/S 212.5, while Valero for same cargo, loading Sept. 28 with same destination, has fixed M/T «Genmar Revenge» at W/S 207.5. – Suezmax rates in W. Africa stable at W/S 140-145. – Sun has fixed M/T «SCF Caucasus» for 130,000 tons of cargo, loading Oct. 11, discharging USAC, at W/S 140, while on VLCCs, Shell for 260,000 tons of cargo, loading Oct. 27, discharging US Gulf, has fixed M/T «Eagle Vermont» at W/S 127.5. – In Arabian Gulf, Shell for 280,000 tons of cargo, loading Oct. 4, discharging UKC, has fixed M/T «Astipalaia» at W/S 105. DRY CARGO Capesize rates still steady for Atlantic tonnage with further signs of period fixing. – Uming has fixed M/V «Kohfukusan,» 172,566 dwt, built 1999, delivery end-Sept. UKC, redelivery S. Korea, at USD 80,000 daily, while NCL has fixed M/V «Johnny K,» 175,000 dwt, built 1994, delivery Rotterdam Oct. 9-10, trip via Brazil, redelivery China, at USD 74,500 daily. – Steady rates for Panamaxes also with more activity for Nopac round-trip voyages in the Pacific. – Daeyang has fixed M/V «Guang Ming Feng,» 74,000 dwt, built 2002, delivery end-Sept. China, redelivery Far East, at USD 30,600 daily. – In the Atlantic, the market seems low with more early ships but so far rates remain steady and in some instances even stronger. – On T/C periods, M/V «Star of Nippon,» 75,611 dwt, built 2004, open Rottterdam early Oct. for 3-5 months’ trading, was fixed at USD 36,500 daily. – On smaller sizes, Energy has fixed M/V «Sanko Radiance,» 42,594 dwt, built 1994, delivery end-Sept.-beg. Oct. US Gulf, redelivery Italy, at USD 27,250 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.