Shipping Report

TANKERS Quieter conditions for VLCCs out of Arabian Gulf, while the Atlantic market and out of W. Africa remain firm. – Extremely quiet conditions for Aframaxes in the Med. and Cont. – Erg for her cargo loading Sidi Kerir (Egypt) Feb. 20, discharging St Panagia (Italy), has received at least eight offers at W/S 150 and W/S 170 for single- and double-hull respectively and countering at very low numbers. – In the N. Sea with market not having been tested rates are at around W/S 120, while out of Baltic Sea the 100,000-ton cargoes are still fixed at around W/S 400. – Caribs seems to be improving, with a number of fixtures for 70,000 tons of cargo liftings at W/S 172.5-175. – Suezmaxes is better than Aframax in the Med., with rates around W/S 215 depending on actual voyage. – In W. Africa, the 130,000-ton cargoes are still being negotiated at near W/S 200. – Cepsa has fixed M/T «Genmar Sky» for 130,000 tons of cargo, loading Feb. 11, discharging Spain, at W/S 197.5. – In the Med. and on Aframax, Eni has fixed M/T «Coral Sea,» loading Feb. 24 CPC, discharging Med., at W/S 170. – On Suezmax, Arcadia has fixed M/T «Seaprincess» for 135,000 tons of cargo, loading Supsa March 4, discharging Med., at W/S 220. – In the Cont., Sibneft for 100,000 tons of cargo, loading Feb. 19 Tallin, discharging UKC, has fixed M/T «Kazan» at W/S 135. – In Caribs, Stusco has fixed M/T «Moscow River» for 70,000 tons of cargo, loading Feb. 18 East Coast Mexico, discharging US Gulf, at W/S 172.5. DRY CARGO Capesize market in the Atlantic appears softer, with few ships in the same position. The voyage rate on the run from Brazil to China is said to be hovering around USD 35 with tonnage already fixing and failing at this rate. – A slow trading day for Panamaxes too. – In the East there is some fresh Japanese inquiry, but generally trading has been sluggish. – Period rates in Far East are still being negotiated at comparatively healthier levels. Kleimar has fixed M/V «Te Ho,» 77,834 dwt, built 2004, delivery Feb. 17-18, for 23-25 months’ trading at USD 31,500 daily, while Sinochart has fixed M/T «Energy Star,» 75,318 dwt, built 2003, delivery China Feb. 15, for 3-5 months’ trading at USD 38,000 daily. – In the Atlantic, Transgrain has fixed M/V «Maritime Anita,» 76,500 dwt, built 2004, delivery Feb. 14-16 Argentina, redelivery Spain, at USD 35,000 daily and USD 700,000 ballast bonus. On smaller sizes, Norden has fixed M/V «Panormitis,» 38,816 dwt, built 1984, delivery mid-Feb. North Coast S. America, redelivery Peru, at USD 22,000 daily.

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