Shipping Report

TANKERS A very quiet day in the Med., with modern Aframaxes at W/S 210 for normal round-trip voyages. – The North Sea market is also quiet, with only a few requests with February loading dates. Cargoes out of the Baltic are being fixed with early March dates. Rates for cross UK trips at W/S 160, while out those out of the Baltic and for 100,000-ton cargoes at W/S 330. – Caribs appears busier, with the normal 70,000-ton cargo liftings above W/S 205. – Suezmax rates out of West Africa at W/S 160 with reasonable activity, while VLCCs at W/S 110 with destination East and W/S 130 with destination West. – VLCC rates out of Arabian Gulf are picking up, with Sinochem having fixed M/T «Iran Marsin» for 270,000 tons of cargo, loading March 12, discharging China, at W/S 151.50. – In the Med., Stasco for 80,000 tons of cargo, loading February 23 Algeria, discharging UKC-Med., has fixed M/T «Baltic Sea» at W/S 120. – On Suezmaxes, Sun for 130,000 tons of cargo, loading March 6 Algeria, discharging USAC, has fixed M/T «Four Sun» at W/S 150. – In Caribs, Marathon for 70,000 tons of cargo, loading February 22 East Coast Mexico, discharging US Gulf, has fixed M/T «Chemtrans Lyra» at W/S 202.5. – In West Africa, Koch has fixed M/T «Sea Star» for 130,000 tons of cargo, loading March 7, discharging US Gulf, at W/S 155. DRY CARGO Capesizes firmer in the East, with their index gaining 79 points, totaling 6,511. – Market is saying that the next rate for a BCI type could reach USD 80,000 daily for normal round-trip voyages in the area. – Quieter conditions for Panamaxes with only period activity driving the market. – On Capers, M/V «La Mer,» 138,166 dwt, built 1981, delivery Muscat February 23-25 trip via South Africa, redelivery China, was fixed at USD 65,000 daily. – On Panamaxes in Far East, Armada has fixed M/V «Seafarer II,» 75,706 dwt, built 2000, delivery China mid-February for 4-6 months’ trading at USD 40,000 daily. – In the Atlantic, ABT has fixed M/V «Spar Vega,» 73,350 dwt, built 1995, delivery Morocco February 23-27, trip via East Coast South America, redelivery Far East, at USD 42,500 daily. – On smaller sizes, Norton has fixed M/V «Bunga Orkid Satu,» 43,246 dwt, built 1994, delivery UKC end February, trip via UK, redelivery India, at USD 30,000 daily. On ore cargoes, Neu has fixed M/V «Mineral Antwerpen» for 160,000 tons of cargo, loading Brazil March 3-14, discharging Redcar & Immingham (UK), at USD 22.00 per ton with 7 days all purposes.

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.