ECONOMY

Shipping Report

TANKERS Market are at steady levels irrespective of sizes and areas. – In the Med. Aframaxes still at W/S 110-112.5 while in the Cont. rates are still around W/S 85. – W. Africa on Suezmaxes and for 130,000 tons of cargoes at W/S 62.5-65 and W/S 70 for US Gulf/USAC and Cont. respectively. – In the Continent Emerald for 135,000 tons of cargo loading Feb. 23 N. Sea discharging USG/USAC has fixed M/T «Front Ardenne» at W/S 65 / 67.5 respectively. – In the Med., Noc for 80,000 tons of cargo loading Feb. 23 Libya discharging Italy has fixed M/T «Histria Prestige» at W/S 112.5. – In the Continent. Esso Pet for 80,000 tons of cargo loading Feb. 17 UK discharging UKC has fixed M/T «Fosna» at W/S 85. – In Caribs, Equiva for 70,000 tons of cargo loading Feb. 17 East Coast Mexico discharging US Gulf has fixed M/T «Eurydice» at W/S 105. – In W. Africa Ultramar for 130,000 tons of cargo loading Feb. 26 discharging East Coast Canada has fixed M/T «Olympic Flair» at W/S 70. DRY CARGO The Capes are on the move in the East with more cargoes and fixtures. Their index in reciprocation has moved up by another 7 points, totaling 1135. – Panamax in the Atlantic at more demand especially for short T/C periods. Cargill has fixed M/V «Chang Ho» 80,146 dwt, built 2000, delivery 5-10 March Germany for 5-7 months period at USD 8,000 daily. – On Capers Pioneer has fixed M/V «Prima II» 136,211 dwt, built 1981, delivery Passero Feb. 5-10 trip via Brazil redelivery China at USD 6,450 daily. – On Panamax in Far East Kline has fixed M/V «Celeste» 68,427 dwt, built 1981, delivery Taiwan Feb. 20-25 trip via S. China redelivery Japan at USD 5,500 daily. – In Atlantic Cosbulk has fixed M/V «Wadi Sudr» 64,214 dwt, built 1994, delivery US Gulf March 1-5 redelivery Far East at USD 7,100 daily and USD 120,000 Ballast Bonus.