Shipping Report
TANKERS Cont. market remains tight for April tonnage. On the surface, it appears quiet with few charterers trying to secure tonnage for end of the month loadings. Vitol has fixed M/T «Braveheart» for 80,000 tons of cargo loading end April UK, discharging UKC, at W/S 125. – Med. with no more than 2 cargoes, with rates at W/S 127.5 out of Black Sea. M/T «Niriis» and M/T «Minerva Emma» were paid W/S 127.5 from Karran and Chevtex, respectively. – Suezmax quieter with Sun out of W. Africa and Emerald out of N. Sea having fixed M/T «Nandu» and M/T «Tromso Fidelity» at W/S 76 and W/S 72.5 respectively with destination USAC. – In the Med., KPC for 80,000 tons of cargo loading Libya mid-April, discharging Italy, has fixed M/T «Orkney Spirit» at W/S 122.5. – In the Cont., Veba for 84,000 tons of cargo loading April 22-24 Norway, discharging Rotterdam, has fixed Navion tonnage at W/S 127.5. – In Caribs, Emerald for 70,000 tons of cargo loading April 18, discharging US Gulf, has fixed M/T «Mersey Spirit» at W/S 130. DRY CARGO The market focus is still in the N. Atlantic. The S. American market remains on a disappointing course. Grain trading is very limited, with the Argentine government about to double the export tax from 10 percent to 20 percent as of next Monday. – The lakes market remains quiet with operators booking everything they can get in the area. – On Capers, Korea Line has fixed M/V «Sea Azalea» 171,199 dwt, built 1999, delivery end April Japan trip via W. Australia, redelivery UKC / Med., at USD 12,550 daily. – On Panamax in Far East, Coeclerici has fixed M/V «Altair» 74,652 dwt, built 2001, delivery Singapore end April for 2-3 legs at USD 8,000 daily. – In Atlantic, Baumarine has fixed M/V «Myrto» 74,470 dwt, built 2001, delivery mid-April Germany for 4-6 months period at USD 9,750 daily. – On smaller sizes, EMR has fixed M/V «Agapi» 34,291 dwt, built 1978, delivery UK April 17-22, redelivery East Coast India, at USD 7,000 daily.
