Tanker Chartering and Freight Rates

• Date: 01 May 2017
• DOI: http://doi.org/10.1111/oet.11_12404
• Published date: 01 May 2017

OIL AND ENERGY TRENDS, MAY 2017

54 TANKERS

Table 20 Spot (Dirty) Tanker Fixtures and Freight Rates

No. of Tonnage % of Equivalent No. of Tonnage % of Equivalent

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

By Haul Internal Mediterranean 113 6,831 119.9 3.7 106 7,613 140.7 4.4

Mediterranean - Europe Atlantic Coast 37 4,123 100.0 5.7 38 4,255 114.2 6.5

Middle East - Far East 49 11,388 66.8 8.5 63 13,613 78.0 9.9

Internal Middle East 44 6,296 83.7 3.9 54 8,799 99.9 4.6

Middle East - SE Asia/Australasia 14 2,125 74.4 5.7 14 2,125 74.4 5.7

Middle East - Gulf of Mexico/Caribbean 10 2,650 39.7 4.5 7 1,960 46.8 5.3

Internal Europe Atlantic Coast 70 6,048 87.8 5.4 64 5,760 107.7 6.6

Europe Atlantic Coast - Gulf of Mexico/Caribbean 8 745 68.3 3.2 8 830 81.4 3.8

Europe Atlantic Coast - US/Canada E Coast 2 92 92.0 5.4 5 452 78.9 4.7

Gulf of Mexico/Caribbean - US/Can E Coast 1 70 122.5 3.3 4 280 97.5 2.6

Internal Gulf of Mexico/Carribbean 35 2,999 94.5 2.4 33 3,150 115.9 3.0

West Africa - Gulf of Mexico/Caribbean 12 1,485 68.8 3.4 12 1,485 92.7 4.6

West Africa - US/Can E Coast 6 780 66.88 3.87 5 650 86.0 5.0

Internal SE Asia/Australasia 20 1,495 87.0 2.4 26 2,120 114.3 3.1

SE Asia/Australasia - Far East 19 1,490 83.9 3.0 21 1,680 113.9 4.1

Other 241 35,292 * * 286 42,809 * *

Total/Average 681 83,909 78.4 746 97,580 93.0

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

Table 21 Tanker Time Charters: December

Charterer Name of Vessel Period dwt Daily Rate Deliver

y

Remarks

Litasco LOS ANGELES SPIRIT 1 year 159,233 $22,000 Dec 10

Stenaweco ST. KATHARINEN 6 months 50,259 $12,500 Dec 15

Chevron NS BRAVO 6 months 156,694 $23,000 Dec 15

Curzon C. INNOVATOR 2-3 years 313,999 $30,000 Dec 15

Curzon C. SPIRIT 2-3 years 318,151 $30,000 Dec 15

Vitol NEW SUCCESS 1 year 297,027 $34,000 Dec 15

Hyundai ECO LEADER 1 year 299,999 $32,500 Dec 18

ST Shipp FPMC 17 1 year 46,872 $11,000 Dec 25

Hafnia FPMC P FORTUNE 2 years 46,862 $12,500 Dec 25

SK Shipp C. CHALLENGER 2 years 313,918 $30,500 Dec 30

ST Shipp GULF VALOUR 1 year 114,900 $18,000 Jan 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

November 2016 December 2016