Shipping Report

TANKERS The Mediterranean and Black Sea markets are not showing any sign of improvement. There are no outstanding cargoes while the tonnage list is increasing. Rates are likely to slip further from W/S 120 for the 80,000-ton cargoes. – North Sea also has limited activity, while Caribs has more cargoes. The latest rates for the 70,000-ton round voyages are at W/S 190. – Conoco has fixed Teekay tonnage, loading July 23 East Coast Mexico, discharging US Gulf, at W/S 195, while Chevron, loading July 27, with same destination, has fixed M/T «NS Challenger» at W/S 188.75. – Suezmax out of West Africa is maintaining the W/S 100 levels, but for how long is the question. – VLCC rates out of the same area, but in an untested market, must be around W/S 100 with US Gulf destination. – In the Mediterranean and on Aframax, Eni, for 80,000 tons of cargo, loading July 26 Egypt, discharging Mediterranean, has fixed M/T «Astro Saturn» at W/S 122.5. – In the Cont. and on Suezmax, Navion, for 135,000 tons of cargo loading West Coast Norway, discharging Mediterranean, has fixed Iranian tonnage at W/S 85. DRY CARGO Capesize rates are slipping in the East, with Transfield failing the M/V «Amazon,» 149,511 dwt, built 1990, for an Australian round at USD 22,000 daily. There are rumors that the same vessel was fixed by HMM for the same voyage at USD 21,000 daily. – M/V «Cape Riviera,» 185,000 dwt, built 2005, is said to have been fixed by Coeclerici for an Australian round-trip voyage at USD 32,000 daily. – Another slow day with more interest for tonnage in the East, where the market appears steady. – Atlantic is very slow, with scarce business in the area. Owners are willing to repeat the last or to fix their vessels for short T/C periods. – In Far East, HMM has fixed M/V «Darya Geeth,» 73,119 dwt, built 1995, delivery July 24-27 Indonesia, trip via Australia, redelivery UKC, at USD 10,500 daily. – On smaller sizes, Oldendorff has fixed M/V «Constantinos G,» 37,940 dwt, built 1983, delivery end-July US Gulf, redelivery West Africa, at USD 16,000 daily.

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