ECONOMY

Shipping Report

TANKERS The Med. market remains quiet, with the fixture of Samir for 80,000-to cargoes Sidi Kerir – Mohammedia with loading dates 3-5 June at W/S 150, setting the tone for the market in the area. – The picture in the N. Sea is similar, with Baltic rates slipping to W/S 172.5 for the 100,000-ton cargoes out of Primorsk. Shell has on subs M/V «Krasnodar,» loading June 3-4 Primorsk, discharging UKC-Cont., at W/S 172.5. – Caribs is steadier, with some firmer fixtures. – Premcor for 70,000-ton cargo, loading May 31, discharging USAC, has fixed M/T «Genmar Progress» at W/S 215, while Stusco for same cargo, loading May 30, discharging US Gulf, has fixed M/T «Regent» at W/S 195. – Little activity in the most of Suezmax markets. – In W. Africa, with early tonnage building, rates are expected to move down from the last fixture of W/S 140 with destination USAC. – Trading in the Med. remains at about W/S 150. – VLCCs is at a quieter tone, with W. Africa / US Gulf run paying W/S 85 and with East destination at W/S 75. – In the Med., Tamoil for 80,000-ton cargo, loading May 29 Libya, discharging Med., has fixed M/T «Seaoath» at W/S 175. – In the Cont., Exxonmobil has fixed Lundqvist tonnage for 80,000-ton cargo, loading May 30 N. Sea, discharging UKC, at W/S 190, while Europet for 100,000-ton cargo, loading June 4 Baltic with same destination, has fixed M/T «Krasnodar» at W/S 175. – In W. Africa and on VLCCs, Conoco has fixed M/T «Astro Callisto» for 260,000-ton cargo, loading June 23, discharging US Gulf – EC Canada, at W/S 87.5 – W/S 92.5 respectively. – In Arabian Gulf, Unipec for 260,000-ton cargo, loading June 9, discharging China, has fixed M/T «Grand Explorer» at W/S 53.5. DRY CARGO Capesize rates in the East remain quiet, with levels barely in the upper USD 40,000 daily for the round voyages. – SK shipping has fixed M/V «Maria a. Angelicoussi,» 169,163 dwt, built 2001, delivery China end-May, for an Australian round-trip at USD 47,500 daily. – In the Atlantic, the ton coal cargo Richards Bay / Rotterdam runs now at USD 16.25, i.e. USD 1.75 drop in a week’s time. – On Panamaxes, rates have steadied in the East at about USD 20,000 daily for the rounds in the area, while in the Atlantic, the Cont./Baltic market still gives signs of stronger rates due to additionally inquiry and the shortage of fixtures in the area. – US Gulf / S. Africa areas remain quiet with strong competion from ballasters from the East. – On Capers, Bocimar has fixed M/V «York,» 149,513 dwt, built 1992, delivery China end-May, trip via S. Africa, redelivery Passero, at USD 31,000 daily. – On Panamax in Far East, Swiss Marine has fixed M/V «Mulberry Wilton,» 76,463 dwt, built 2004, delivery Malaysia June 3-7, trip via S. Africa, redelivery West of Gibraltar, at USD 18.75, daily option redelivery East of Gibraltar at USD 19,000 daily. – In Atlantic, Cargill has fixed M/V «Maritime Anita,» 76,737 dwt, built 2004, delivery Passero end-May, trip via EC S. America, redelivery UKC-Med., at USD 30,000 daily. – On smaller sizes, Korea Line has fixed M/V «Roberto C,» 45,210 dwt, built 1994, delivery May 25-30 China, for 4-6 months’ trading at USD 23,000 daily. – On coal cargoes, Liva for 150,000 tons, loading Brazil June 10-19, discharging Italy, has fixed M/V «Nord-Energy» at USD 16.50 per ton with 2 days’ load and 40,000 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.