ECONOMY

Shipping Report

TANKERS A quiet start to the week, with marginal fresh inquiry. – In the Med., the modern Aframaxes are being fixed at W/S 130, while in the N. Sea rates are holding at W/S 165. – Caribs stable too, with the latest fixtures for 70,000-ton cargo liftings at W/S 180-185. – Suezmaxes also quiet in all areas. – In the Med., the 130,000- to 135,000-ton cargoes are being fixed at W/S 180, while in W. Africa, the 130,000-ton cargoes with destination US Gulf are being fixed at W/S 157.5. – In the Med. and on Aframaxes, OMV for 80,000 tons of cargo, loading Feb. 22 Egypt, discharging Italy, has fixed M/T «Iran Abadeh» at W/S 130. – In the Cont., Navion, for 80,000 tons of cargo, loading Feb. 26, for UKC round-trip voyage, has fixed M/T «Petropavlosk» at W/S 165. – In Caribs, Valero has fixed Conoco tonnage for 70,000 tons of cargo, loading Feb. 19 East Coast Mexico, discharging US Gulf, at W/S 187.5. – In W. Africa, Conoco for 130,000 tons of cargo, loading March 4, discharging US Gulf, has fixed M/T «Knock Dun» at W/S 157.5. DRY CARGO Capers still in good demand in the Pacific. – The USD 75,000 daily mark for round-trip voyages had not been seen yet. Owners are rating their modern tonnage at the above numbers, while the latest fixtures are running at USD 71,000-73,000 daily. – BHP Billiton has fixed M/V «Cic Pride,» 171,870 dwt, built 2002, delivery China Feb. 15-20, trip via W. Australia, at USD 71,000 daily. – On Panamaxes, owners of modern tonnage are commanding good rates in both Pacific and Atlantic basin, while on Handymaxes, the Pacific remains quiet and the Atlantic market very positional. – In Far East, Pioneer has fixed M/V «Endless,» 73,427 dwt, built 1999, delivery China Feb. 18-20, for 4-6 months’ trading at USD 39,000 daily. – In Atlantic, Cargill has fixed M/V «CSE Harmony Express,» 76,000 dwt, built 2002, delivery mid-Feb. Passero, trip via US Gulf, redelivery Skaw / Passero, at USD 37,500 daily. – On smaller sizes, Western Bulkcarriers has fixed M/V «Moorgate,» 45,800 dwt, built 1990, delivery France mid-Feb. for 2/3 laden legs, redelivery Atlantic, at USD 27,500 daily. – On coal cargoes, Carboex has fixed M/V «Front Viewer» for 150,000 tons of cargo, loading Feb. 15-28 S. Africa, discharging Spain, at USD 20.25 per ton with two-day load and 25,000 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.