ECONOMY

Shipping Report

TANKERS Firmer conditions on VLCCs, with Vela having fixed M/T «Kyrakatino» for 275,000 tons of cargo, loading Dec. 2, discharging US Gulf, at W/S 59, while SK has fixed M/T «Tokachi» for 265,000 tons of cargo, loading Dec. 7, discharging S. Korea, at W/S 68. – W. Africa seems more active, however, despite the numerous fixtures numbers are still hovering around W/S 110 for all destinations. – Med. and Cont. steady for modern Aframax at W/S 140 and W/S 130 respectively. – Caribs quieter, with the 70,000 tons cargo liftings fixed at W/S 210. – In the Med., Erg for 80,000 tons of cargo, loading Nov. 24 Algeria, discharging Med., has fixed M/T «Histria Diamond» at W/S 135. – In the Cont., Stasco has fixed Stentex tonnage for 80,000 tons of cargo, loading Nov. 25 Germany, discharging UKC, at W/S 125. – In Caribs, Chevtex for 70,000 tons of cargo, loading Nov. 18 East Coast Mexico, discharging US Gulf, has fixed M/T «Pedoulas» at W/S 207.5. – In W. Africa, Vitol for 130,000 tons of cargo, loading Dec. 10, discharging US Gulf, has fixed alliance tonnage at W/S 110. DRY CARGO Very little to report on Capers. However M/V «Pitsa D» 169,000 dwt, built 2002, was fixed by Sinochart, delivery Continent mid-Nov., redelivery China, at USD 20,500 daily, although subjects are dodgy. – Panamaxes appear a bit softer in the Atlantic, with the 70,000 tons dwt vessels accepting USD 12,000 daily and the 74,000 dwt, around USD 12,850 for East destinations. – In the East, the market continues firm with a number of fixtures. Iino has fixed M/V «Energy Rose» 70,257 dwt, built 1997, delivery/redelivery Japan end Nov., trip via Australia, at USD 10,100 daily. – In the Atlantic, Transfield has fixed M/V «Medi Rotterdam» 75,735 dwt, built 2002, delivery US Gulf 21-25 Nov., redelivery UKC/Med., at USD 10,000 daily. – On smaller sizes, M/V «Seledang Nilam» 47,214 dwt, built 1997, delivery end Nov. Thailand, trip via Indonesia, redelivery Japan, has fixed at USD 9,350 daily.