ECONOMY

Shipping Report

Carbs market was very active yesterday, with more than 14-16 Aframax fixtures at W/S 160 level. -Med. market remains steady at W/S 140. Lukoil is quoting a cargo on October 8-9 out of Tuapse and EXXON out of LA Skhirra on October 11-12. – Cont. remains very quiet with the 80,000 tons of cargoes fixed at W/S 132.5. – On Suezmax, rates out of W. Africa at W/S 95 and in the Med. at W/S 97.5-100. – In the Med., Sibneft for 80,000 tons of cargo loading October 6 Black Sea, discharging Med., has fixed M/T Atalandi at W/S 135, while API for same cargo quantity loading October 7 Egypt, discharging Italy, has fixed M/T Enalios Nireus at W/S 120. – In the Continent, EXXON for 80,000 tons of cargo loading October 1 for UKC, round voyage, has fixed M/T Alfa America at W/S 137.5. – In Caribs, Chevron for 70,000 tons of cargo loading October 6 east coast Mexico, discharging US Gulf, has fixed M/T Genmar Gabriel at W/S 160. DRY CARGO Very little of substance is reported in the Cape market east or west of Suez, while their index moved downward by 7 points. – Bocimar has fixed M/V Nord-Craft for 150,000 tons of coal loading S. Africa early October, discharging Spain, at USD 5.60 per ton. – Quiet conditions in Atlantic for the Panamaxes also, with some describing the market as featureless. A downbeat mood also prevails in the Pacific as Chinese, Taiwanese and Korean holidays will be observed. – On Panamax in Far East, Marifan has fixed M/V Sea Maid, 74,000 dwt, built 2001, delivery end September Thailand, for 2-3 legs redelivery UKC, at USD 7,500 daily. – In Atlantic, Grant has fixed M/V Wadi Alarab, 64,124 dwt, bult 1995, delivery end September, for 2 legs trip via Black Sea, redelivery UKC/Med., at USD 6,650 daily. – On coal cargoes, Enron for 150,000 tons of cargo, loading end September Colombia, discharging Rotterdam, has fixed M/V Vasco Da Gama at USD 3.75 per ton with 50,000 ton load and 30,000 tons discharge.