Tanker Chartering and Freight Rates

• Date: 01 April 2020
• DOI: http://doi.org/10.1111/oet.11_12657
• Published date: 01 April 2020

OIL AND ENERGY TRENDS, APRIL 2020

48 TANKERS

TANKERS OIL AND ENERGY TRENDS, APRIL 2020

Table 20 Spot (Dirty) Tanker Fixtures and Freight Rates

No. o

f

Tonnage % o

f

Equivalent No. o

f

Tonnage % o

f

Equivalent

Fixtures (th mt) Ws $/mt Fixtures (th mt) Ws $/mt

By Haul Internal Mediterranean 14 1,120 105.4 3.3 14 1,275 177.8 5.5

Mediterranean - Europe Atlantic Coast 17 1,595 98.0 5.6 25 2,255 177.1 10.2

Middle East - Far East 22 5,750 60.5 7.7 20 4,170 127.1 16.2

Internal Middle East 7 1,503 73.6 3.4 26 4,337 187.2 8.7

Middle East - SE Asia/Australasia 5 970 60.3 4.6 5 960 124.5 9.5

Middle East - Gulf of Mexico/Caribbean 1 280 45.0 5.1 1 280 72.5 8.2

Internal Europe Atlantic Coast 19 1,800 79.0 4.8 17 1,540 164.6 10.1

Europe Atlantic Coast - Gulf of Mexico/Caribbean 4 325 72.3 3.4 2 200 136.7 6.4

Europe Atlantic Coast - US/Canada E Coast 2 230 82.0 4.8 - - - -

Gulf of Mexico/Caribbean - US/Can E Coast 2 215 78.0 2.3 3 175 170.0 5.1

Internal Gulf of Mexico/Carribbean 16 1,029 115.1 2.9 15 1,140 194.1 4.9

West Africa - Gulf of Mexico/Caribbean 3 390 58.3 3.4 1 130 173.0 10.0

West Africa - US/Can E Coast 1 80 120.0 3.3 - - - -

Internal SE Asia/Australasia 5 400 101.7 2.8 15 1205 186.2 5.1

SE Asia/Australasia - Far East 1 80 95.0 3.4 13 1,080 179.5 6.4

Other 37 5,875 * * 115 16,975 * *

Total/Average 156 21,642 75.6 272 35,722 154.1

Note: Data for table 20 exclude fixtures for which rates were not reported

Table 21 Tanker Time Charters: October

Charterer Name of Vessel Period dwt Daily Rate Deliver

y

Remarks

N

av

i

g

8

UACC

SHAMIYA

3

-

4

years

45

,

479

$15

,

500

O

c

t

1

N

av

i

g

8

UACC

MARAH

3

-

4

years

45

,

293

$15

,

500

O

c

t

1

N

av

i

g

8

UACC

MANSOURIA

3

-

4

years

45

,

293

$15

,

500

O

c

t

1

Navig8 UACC MANAM

A

3-4 years 45,612 $15,500 Oct 1

Vitol LEONID LOZA 1 yea

r

1,56,630 $25,000 Oct 20

CSSA SERENEA 2 years 1,58,583 $29,000 Oct 20

Koch DIMITRIS P 2 years 1,57,740 $26,500 Oct 25

Koch SPYROS K 2 years 1,58,000 $26,500 Oct 25

Vitol CAP GUILLAUME 1 yea

r

1,57,700 $27,000 Oct 25

Trafigura KIMOLOS WARRIOR 1 yea

r

1,57,258 $32,000 Oct 25

Trafigura SEOUL SPIRIT 10 months 1,59,966 $35,500 Oct 25

Koch TAHOE SPIRIT 1 yea

r

1,56,852 $36,000 Oct 25

Lukoil ATLANTA SPIRIT 1 yea

r

1,58,650 $40,000 Oct 31

Chevron PENTATHLON 2 years 1,58,475 $29,000 Nov 1

Note:

From the start of 2004, we have changed the definitions of origins and destinations better to reflect the major oil-tanker shipping routes, in terms of number of fixtures.

The equivalent routes to the previously listed ones are as follows

Persian Gulf - West Middle East - Gulf of Mexico/Caribbean

Persian Gulf - East Middle East - Far East & SE Asia/Australasia

Persian Gulf - Other Internal Middle East

Mediterranean - UK/Cont Mediterranean - Europe Atlantic Coast

Mediterranean - Mediterranean Internal Mediterranean

W Africa - USAC/USG/Caribbean West Africa - Gulf of Mexico/Caribbean & US/Can E Coast

Caribbean - USAC/USG Gulf of Mexico/Caribbean - US/Can E Coast

E Coast Mexico - USG Gulf of Mexico/Caribbean - US/Can E Coast

Indonesia - Japan SE Asia/Australasia - Far East

UK/Cont - USAC/USG/Caribbean Europe Atlantic Coast - Gulf of Mexico/Caribbean & US/Canada E Coast

Inter UK/Cont Internal Europe Atlantic Coast

The following lesser routes have been removed

Mediterranean - USAC/USG/Caribbean

W Africa - UK Cont

Caribbean - UK Cont

Indonesia - US W Coast

* Rate Not Returned

September 2019 October 2019