Tanker Chartering and Freight Rates

• Date: 01 April 2019
• DOI: http://doi.org/10.1111/oet.11_12584
• Published date: 01 April 2019

OIL AND ENERGY TRENDS, APRIL 2019

50 TANKERS

TANKERS OIL AND ENERGY TRENDS, APRIL 2019

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 1,330 114.4 3.5 8 700 132.9 4.1

Mediterranean - Europe Atlantic Coast 18 2,050 110.2 6.3 14 1,470 138.5 7.9

Middle East - Far East 38 8,030 82.0 10.5 12 3,239 88.4 11.3

Internal Middle East 14 3,101 116.0 5.4 19 2,358 122.4 5.7

Middle East - SE Asia/Australasia 14 2,519 81.2 6.2 4 750 101.9 7.8

Middle East - Gulf of Mexico/Caribbean 3 840 26.5 3.0 2 565 38.0 4.3

Internal Europe Atlantic Coast 24 2,360 108.3 6.6 14 1,340 100.1 6.1

Europe Atlantic Coast - Gulf of Mexico/Caribbean 1 55 122.5 5.7 1 100 85.0 4.0

Europe Atlantic Coast - US/Canada E Coast 1 80 110.0 6.5 1 130 80.0 4.7

Gulf of Mexico/Caribbean - US/Can E Coast 1 145 97.5 2.9 1 70 195.0 5.8

Internal Gulf of Mexico/Carribbean 29 2,265 142.6 3.6 10 680 224.7 5.7

West Africa - Gulf of Mexico/Caribbean 5 650 101.5 5.9 5 650 101.5 5.9

West Africa - US/Can E Coast 1 130 90.0 2.5 1 130 120.0 3.3

Internal SE Asia/Australasia 6 460 105.0 2.9 3 240 140.0 3.8

SE Asia/Australasia - Far East 3 255 126.2 4.5 1 80 125.0 4.5

Other 128 19,278 * * 70 11,182 * *

Total/Average 300 43,548 94.6 166 23,684 107.7

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

Table 21 Tanker Time Charters: November

Charterer Name of Vessel Period dwt Daily Rate Deliver

y

Remarks

ST Shipp FPMC 20 1 year 50,994 $12,000 Nov 5

Chevron NAVE ORBIT 1 year 50,469 $12,700 Nov 5

Trafigura HAFNIA VICTORIA 2 months 40,055 $12,750 Nov 5

Vitol ASHLEY LADY 1 year 112,043 $16,500 Nov 5

Essar ATHINA 30- 45 days 74,999 $14,000 Nov 6

Gunvor NS CAPTAIN 1 year 105,824 $15,500 Nov 6

Gunvor NS COLUMBUS 1 year 105,788 $15,500 Nov 6

Vitol OHIO 1 year 105,188 $14,750 Nov 7

Koch ATLANTIC EAGLE 6 months 47,128 $10,500 Nov 10 Rate for additional 6 months: $11,500 per day

Stena NORD VALIANT 6 months 49,737 $13,250 Nov 10 Rate for additional 6 months: $14,250 per day

Essar LEADER 30- 45 days 74,999 $14,000 Nov 10

Essar JAG AABHA 30- 45 days 74,841 $14,000 Nov 10

Solal GSTAAD GRACE 1 year 112,777 $15,000 Nov 10

Concord FREE SPIRIT 1 year 113,091 $15,700 Nov 15

Trafigura SEAMUSE 2-4 months 48,673 $14,250 Nov 20

ExxonMobil NORTHERN LIGHT 1 year 6,000 $12,500 Dec 1

Clearlake PETALI LADY 3-6 months 4,000 $13,000 Dec 1

Koch PYXIS EPSILON 6 months 50,124 $13,500 Dec 1

Litasco ACE 1 year 113,005 $15,750 Dec 1

Concoard FREE SPIRIT 1 year 113,091 $15,750 Dec 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

October 2018 November 2018