ECONOMY

Shipping Report

TANKERS Very firm conditions on VLCCs with rates being even at W/S 100. Engen has fixed M/T «New Victory» for 265,000 tons of cargo, loading Nov. 12, discharging S. Africa, at W/S 100, while Sasol has fixed M/T «Emilie Maersk» for 280,000 tons of cargo, loading Nov. 7, also discharging S. Africa, at W/S 95. – Suezmaxes on same course too with Exxon out of W. Africa fixing M/T «Nisyros» for 130,000 tons of cargo, loading Nov. 12 Forcados, discharging Halifax, at W/S 106.25, while Agip has fixed M/T «Yannis P» for same cargo, loading Nov. 7 Djeno, discharging UKCM-East, at W/S 90/102.5 respectively. – Aframaxes almost steady with the Med. in a tight position till end-October dates and Cont. at W/S 117.5 for round-trip voyages. – Caribs at W/S 117.5 for the 70,000-ton cargo liftings. – In the Med., Blanchard for 80,000 tons of cargo, loading Oct. 29 Algeria, discharging US Gulf, has fixed M/T «Crude Baltic» at W/S 120. – In the Cont., Exxonmobil has fixed Navion tonnage for 80,000 tons of cargo, loading Oct. 30 UK, discharging UKC, at W/S 117.5. – In Caribs, Atmi for 70,000 tons of cargo, loading Oct. 28, discharging US Gulf, has fixed M/T «Mersey Spirit» at W/S 117.5. – In W. Africa, OMV for 130,000 tons of cargo, loading Nov. 1, discharging Italy, has fixed M/T «Crude Ena» at W/S 92.5. DRY CARGO With various holidays around the world, the market for Capers remains inactive. Only a few fixtures are known with more disappearing from the market. – Pioneer has fixed M/V «Aqua Hope,» 167,109 dwt, built 1997, delivery/redelivery China end-Oct., trip via S. Africa, at USD 14,250 daily, while Cobam has fixed M/V «Sanko Oasis,» 161,192 dwt, built 1995, delivery Rotterdam end-Oct., for transatlantic round-trip voyage redelivery Skaw/Passero, at USD 12,750 daily. – Little concrete news from Panamaxes either. In the Atlantic, Cobelfret with delivery Passero end-Oct. for 3-5 months trading has fixed M/V «Alpha Gemini,» 65,298 dwt, built 1985 at 8,500 daily. – In the East, PCL has fixed M/V «Alaska,» 73,512 dwt, built 1997, delivery end-Oct. China, trip via Roberts Bank and Richards Bay, redelivery Cont., at 7,000 daily. – On smaller sizes, Korea Line has fixed M/V «An Angel Faith,» 37,017 dwt, built 1984, delivery Korea end-Oct. for round-trip voyage via Australia at USD 6,000 daily.