ECONOMY

Shipping Report

TANKERS The Aframax market in the North Sea is very interesting. Successive rates are above W/S 300 for cross UKC cargoes. – Murphy has fixed M/T «Stellar Voyager» for 80,000 tons of cargo, loading October 14 West Coast Norway, discharging UKC, at W/S 305. – In the Med., activity has also picked up, with Black Sea cargoes being fixed above W/S 240. – The picture is the same in Caribs, with the 70,000-ton cargo liftings having been fixed above W/S 300. – BP has fixed M/T «Pink Sands,» loading October 14, discharging US Gulf, at W/S 325. – Very healthy figures for Suezmaxes in all areas. – In the Med., Navion has fixed M/T «Seaprincess» for 135,000 tons of cargo, loading October 10, discharging UKC-Med., at W/S 285, while Petrogal has fixed M/T «Anafi» for 130,000 tons of cargo, loading October 17 Egypt, discharging Portugal, at W/S 235. – In the North Sea, Petrogal also has fixed M/T «Sonangol Girassol» for 135,000 tons of cargo, loading October 8 Norway, discharging Portugal, at W/S 215. – Firm rates in West Africa too. Petroplus for 130,000 tons of cargo loading November 4, discharging UKCm, has fixed M/T «Da Yuan Hu» at W/S 245. – In Arabian Gulf and on Suezmax, Unipec has fixed M/T «Genmar Honour» for 130,000 tons of cargo, loading October 17, discharging China, at W/S 200. DRY CARGO Atlantic market on Capers seems steadier, with some owners managing to fix healthier rates than before despite being proposed easier rates. – In the East too, the market shows more activity for all round-voyage cargoes. – M/V «Obelix I,» 194,941 dwt, built 1982, delivery China October 12-14, for an Australian round voyage, was fixed at USD 57,000 daily, while M/V «China Steel Integrity,» 175,775 dwt, built 2002, delivery beg. October Japan, and for same voyage, was fixed at USD 55,000 daily. – In the Atlantic, Kleimar has fixed M/V «Marine Hunter,» 164,891 dwt, built 1984, for two round voyages and with the third with destination Far East at USD 66,000 daily. – On Panamaxes the Atlantic market is once again heavily weighted to minerals, while few grain cargoes are expected for transatlantic voyages and the Far East. – In the East the market appears steadier, with Cosbulk having fixed M/V «Lian Hua Feng,» 74,000 dwt, built 2002, delivery October 3-10 China, for Pacific round at USD 31,500 daily. – On Handy/Handymax Bunge has fixed M/V «Bonavis,» 37,531 dwt, built 1983, delivery Brazil end-September, at USD 20,000 daily and USD 195,000 ballast bonus.