Gunvor fixes fuel oil Suezmax on Tallinn-Singapore route
The Suezmax Ottoman Integrity has been fixed by Gunvor to load a 130-135,000 mt fuel oil cargo from the Russian Baltic port of Ust-Luga and Estonia's Tallinn in early July for delivery to Singapore at a lump-sum cost of $3.5 million, shipping and trading sources said, Platts reports.
Gunvor was not immediately available for comment.
According to Platts vessel tracking software cTrack, Ottoman Integrity is currently part-laden near the coast of Portugal.
Separately, the Aframax Pacific Partner has been fixed by Litasco, the trading arm of Lukoil, to carry 100,000 mt of fuel oil from Vysotsk to the Northwest Europe, at an unknown lump-sum, according to shipping sources.
Litasco was not immediately available for comment.
Freight rates to send a Suezmax from NWE and the Baltic to the East were pegged at $3.5 million on the back of this fixture, sources said. But with a bullish freight market in the region, sources said rates could rise a tad especially because of a tighter vessel position list.
The Ottoman Integrity fixture follows reports from last week that the VLCC Front Hakata was fixed to load 270,000 mt of fuel oil from Tallinn on June 20 for delivery to Singapore.
