ECONOMY

Shipping Report

TANKERS Still firm conditions in the Mediterranean with the Aframaxes at W/S 235-240, while Suezmaxes are at W/S 165-170 for 130-135,000 tons of cargo. – Cont. also at higher freight levels with the 80,000-ton cargoes at W/S 140-145, while the 100,000 tons out of Baltic Sea are at W/S 165-170. – In Caribs the 70,000-ton cargo liftings are fixed at W/S 250-260. – Premcor has fixed M/T «Genmar Constantine» for 70,000 tons of cargo, loading May 15, discharging US Gulf, at W/S 267.5. – In the Med. and on Aframax, BP for 80,000 tons of cargo, loading May 20 Algeria, discharging UKC-Med., has fixed M/T «Forward Bridge» at W/S 230. – On Suezmax Lukoil, for 135,000 tons of cargo, loading May 21 Black Sea, discharging Med., has fixed M/T «Valtamed» at W/S 190. – In the Cont., BP for 80,000 tons of cargo, loading May 14 W. Coast Norway, discharging UKC, has fixed M/T «Stena Confidence» at W/S 155. – In Arabian Gulf and on VLCCs, Stasco has fixed M/T «Apollonia» for 280,000 tons of cargo, loading May 30, discharging UKC – Far East, at W/S 85 – W/S 95 respectively. DRY CARGO A better picture for Capers while their index has moved upward by 55 points totaling 5,639 at closing last Friday. – A higher note for Panamaxes too, with firmer rates in the Atlantic and in the East. – In the Atlantic, front-haul rates crept up to mid-USD 40,000 daily, while the round voyages are being discussed at USD 35,000 daily. – Emphasis has to be given also to the activity for short T/C period fixtures. D’Amato has fixed M/V «Loch Alyn,» 75,744 dwt, built 2005, for 3-5 months’ trading at USD 35,000 daily. – On Capers in Far East bhp Billiton has fixed M/V «Front Breaker,» 169,146 dwt, built 1991, delivery China May 19-20, trip via S. Africa, redelivery UKC, at USD 36,500 daily. – On Panamaxes, Oldendorff has fixed M/V «Leto,» 75,169 dwt, built 2001, delivery Aden May 10-12, trip via S. Africa, redelivery UKC, at USD 26,000 daily. – In Atlantic Deiulemar has fixed M/V «Angelic Grace,» 74,764 dwt, built 2001, delivery Passero mid-May for 2 legs, redelivery Atlantic, at USD 34,000 daily. – On smaller sizes Pan Ocean has fixed M/V «Nassau Pride,» 35,177 dwt, built 1985, delivery China mid-May, trip via Australia, redelivery Singapore-Japan, at USD 11,000 daily. – On coal cargoes Isdemir has fixed M/V «Alma Ata» for 70,000 tons of cargo, loading US Gulf May 6-15, discharging Turkey, at USD 24.50 per ton with 17,500 tons load and 16,000 tons discharge.