ECONOMY

Shipping Report

TANKERS Very firm conditions on Aframaxes in the Med. with a number of new cargoes mainly out of the Black Sea. Rates have moved up to W/S 135, while there is still room for a further rise. – Stable conditions in the Cont., with the 80,000-ton round-trip voyages being fixed at W/S 117.5-120. CSSA for 80,000 tons FO, loading Rotterdam, discharging Med., has fixed M/T «Siena» at W/S 125 and W/S 130, respectively. – In Caribs, the market is maintaining recent levels with the 70,000-ton cargo liftings being fixed at W/S 130. – Suezmaxes in good demand in all areas. In the Cont., Stasco has fixed M/T «Four Smile» for 135,000 tons of cargo, loading Nov. 5 Mongstad, discharging US Gulf, at W/S 107.5. – In the Med., Karran for 80,000 tons of cargo, loading Nov. 3 Black Sea, discharging Med., has fixed M/T «Gerani» at W/S 115. – In Caribs, Exxonmobil for 70,000 tons of cargo, loading Oct. 23 East Coast Mexico, discharging US Gulf, has fixed M/T «Alphatank» 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 Very little new information regarding Capers activity, although more inquiry is expected. – Atlantic Panamaxes continue to show improvement on the previous fixings. Worthington has fixed M/V «Atila,» 73,048 dwt, built 1997, delivery SW Passage end Oct. trip via US Gulf, redelivery UKC, at USD 9,500 daily and USD 200,000 ballast bonus. – In the East, matters are also taking a more serious turn. Pan Ocean has fixed M/V «Oriental Fortune,» 69,606 dwt, built 1996, delivery Japan Oct. 25- 31, trip via Australia, redelivery Bin Qasim, at USD 8,400 daily. – Cont. / Black Sea area remains the focus of attention for Handymaxes / Handies. – In the Atlantic, Bottiglieri has fixed M/V «Sundance II,» 65,224 dwt, built 1983, delivery Morocco end Oct. for 2 legs, redelivery Atlantic, at USD 8,250 daily. – On smaller sizes, SK Shipping has fixed M/V «Triada,» 38,434 dwt, built 1984, delivery US Gulf Oct. 25-31 for 3-5 month period, at USD 8,750 daily.