ECONOMY

Shipping Report

TANKERS Firmer conditions for Suezmaxes not only in the Med. but also in W. Africa. Sun for 130,000 tons of cargo, loading October 24, discharging USAC, has fixed M/T «Majestic» at W/S 119, while Exxonmobil has fixed M/T «Decathlon» for same cargo quantity, loading November 25, discharging Med., at W/S 125. – In the Med., the availability of tonnage is tighter, with a number of cargoes expected mainly out of the Black Sea. Karran for 135,000 tons of cargo, loading November 17 Novorossisk, discharging Med., has fixed M/T «Isi Olive» at W/S 111.50. – Steadier conditions for Aframaxes in the Med. and Cont. In the Med., the 80,000-ton round-trip voyages are being fixed at W/S 130-135, while at W/S 115 in the Cont. – Petroplus for 80,000 tons of cargo, loading November 8 Algeria, discharging UKC/Med, has fixed M/T «Minerva Anna» at W/S 135, while in the Continent, Stasco for same cargo quantity, loading November 6 Baltic, discharging UKC, has fixed M/T «Luzon Spirit» at W/S 115. – Caribs appear firmer with the latest fixtures at W/S 155 for the 70,000-ton cargo liftings. – In the Med., Most has fixed M/T «Gotland Spirit» for 80,000 tons of cargo, loading November 11 Egypt, discharging Italy, at W/S 135. – In the Cont., Chevtex has fixed M/T «Alfa Germania» for 80,000 tons of cargo, loading October 31 UK, discharging UKC, at W/S 115. – In Caribs, Exxonmobil for 70,000 tons of cargo, loading November 12, discharging US Gulf, has fixed M/T «Corcovado» at W/S 155. DRY CARGO The interest in Capers continues with Hanjin having fixed M/V «Aquadonna,» 161,000 dwt, built 1995, delivery Continent mid November for two years’ trading at USD 15,000 daily, while Korea Line has fixed M/V «Xin Yuan Hai,» 186,000 dwt, built 1988, delivery Far East for 7-9 month period, at USD 16,500 daily. – On Panamaxes, the market is still providing of plenty of inquiries in the Atlantic. A mid-1980s built, 65,000 dwt, unit was fixed with delivery Passero via Brazil, redelivery Black Sea, at USD 8,400 daily. – On grain cargoes and in the traditional US Gulf / Japan route, Hanjin for 54,000 tons of cargo, loading November 9-20, has fixed «European TBN» at USD 24.25 per ton with 11 days all purposes. – In the East, PCL has fixed M/V «Unirial,» 69,607 dwt, built 1993, delivery Taiwan end October for three- to five-month period, at USD 8,750 daily. – In the Atlantic, Bottiglieri has fixed M/V «Salvatore Cafiero,» 75,668 dwt, built 2001, delivery end October Gibraltar for two-three laden legs, redelivery Atlantic at USD 10,250 daily, option redelivery Far East, at USD 11,500 daily. – On smaller sizes, Imperial has fixed M/V «Anastasia,» 26,118 dwt, built 1981, delivery end October, redelivery Egyptian Med., at USD 8,250 daily.