ECONOMY

Shipping Report

TANKERS Firmer conditions for VLCCs and Suezmaxes in all areas, while Aframax rates remain stable. On VLCCs and for 265,000 tons of cargo, «Tankers» tonnage was fixed at W/S 105, loading Nov. 15 with destination Singapore, while Vitol in Suezmaxes has fixed «Navion» tonnage for 135,000 tons of cargo, loading Mongstad Nov. 5, discharging US Gulf, at W/S 107.5. – On Aframaxes in the Med., Most has fixed M/T «Hellas Warrior,» loading Nov. 1 Banias, discharging Venice, at W/S 125, while Stasco has fixed M/T «Genmar Constantine,» loading Nov. 5, discharging Atlantic, at the same rate. – In the Cont., activity, as has been stated, is concentrated on the bigger vessels. The 80,000-ton round-trip voyages are being fixed at W/S 115, although this level will come under pressure due to a short supply. – Caribs with limited activity, while rates for the 70,000-ton cargo liftings are at W/S 130. – In the Cont., Stasco has fixed M/V «Alfa Italia» for 80,000 tons of cargo, loading Oct. 25 Black Sea, discharging UKC, at W/S 115. – In Caribs, Valero has fixed M/T «Kuban» for 70,000 tons of cargo, loading Oct. 30, discharging US Gulf, at W/S 130. – In W. Africa, CSSA for 130,000 tons of cargo loading Nov. 19, discharging US Gulf, has fixed Alliance tonnage at W/S 102.5. DRY CARGO Increased activity on Capers, mainly in Far East, with emphasis mainly on voyages. Cosco for 170,000 tons of coal, loading Nov. 15-29 Australia, discharging Korea, has fixed Korea Line tonnage at USD 5.34 per ton with 50,000-ton load and 35,000 tons discharge. – Panamaxes in the Atlantic are more active mainly out of the US Gulf. The fixture of the M/V «An Angel Omonia» at USD 12,500 daily, delivery Passero trip via US Gulf, redelivery Far East, clearly mirrors the present market’s strength. – Handymaxes in the Atlantic still command very high freight levels. Bulkhandling has fixed M/V «Blue Dream,» 45,916 dwt, built 1997, delivery Brazil end-Oct., redelivery West Coast, Norway at USD 11,000 daily. – On smaller sizes, Dreyfus has fixed M/V «Murat Kiran,» 38,888 dwt, built 1985, delivery east Med. end Oct., trip via Black Sea, redelivery Morocco, at USD 9,500 daily.