Tanker Chartering and Freight Rates

• Date: 01 January 2018
• DOI: http://doi.org/10.1111/oet.11_12499
• Published date: 01 January 2018

OIL AND ENERGY TRENDS, JANUARY 2018

52 TANKERS

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 44 2,955 85.8 2.7 50 2,687 108.4 3.4

Mediterranean - Europe Atlantic Coast 28 3,295 72.6 4.2 31 3,879 75.6 4.3

Middle East - Far East 66 15,599 52.8 6.7 44 10,035 45.6 5.8

Internal Middle East 51 7,973 62.7 2.9 32 5,452 55.0 2.6

Middle East - SE Asia/Australasia 20 4,367 55.5 4.2 11 2,080 53.8 4.1

Middle East - Gulf of Mexico/Caribbean 4 740 24.3 2.7 4 1,120 22.6 2.6

Internal Europe Atlantic Coast 26 2,350 74.5 4.6 19 1,345 79.5 4.9

Europe Atlantic Coast - Gulf of Mexico/Caribbean 9 706 76.9 3.6 10 690 85.8 4.0

Europe Atlantic Coast - US/Canada E Coast 1 55 112.5 6.6 4 455 60.2 3.5

Gulf of Mexico/Caribbean - US/Can E Coast 2 120 89 2.66 2 120 89 2.66

Internal Gulf of Mexico/Carribbean 38 3,090 79.5 2.0 42 3,150 82.1 2.1

West Africa - Gulf of Mexico/Caribbean 12 1,485 62.6 3.1 6 705 64.9 3.2

West Africa - US/Can E Coast 6 790 63.1 3.7 10 1,485 63.2 3.7

Internal SE Asia/Australasia 13 1,100 90.6 2.5 7 507 83.0 2.3

SE Asia/Australasia - Far East 16 1,350 88.4 3.2 14 1,350 72.9 2.6

Other 276 41,360 * * 286 35,059 * *

Total/Average 612 87,334 60.2 495 68,007 60.6

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

Table 21 Tanker Time Charters: August

Charterer Name of Vessel Period dwt Daily Rate Deliver

y

Remarks

ST Shipp PVT DOLPHIN 6-12 months 45,888 $12,000 Aug 15

Solal ALHANI 6-12 months 114,858 $13,500 Aug 15

Solal BADR 6-12 months 116,075 $13,500 Aug 15

Solal ATLAS VOYAGER 6 months 115,482 $14,500 Aug 15

CSSA VALLE AZZURRA 1-2 years 50,697 $13,750 Aug 20

ST Shipp SEAENVOY 1-2 years 115,230 $15,750 Aug 20

Norden KOURION 1 year 13,250 $50,209 Aug 25

CNR AMBROSIA 6-12 months 14,000 $105,363 Aug 25

CSSA VALLE AZZURRA 1 year 50,697 $13,750 Aug 28

ST Shipp PVT DOLPHIN 6 months 40,885 $12,000 Sep 1

ExxonMobil HIGH VENTURE 1-2 years 51,088 $13,250 Sep 1

Clearlake GREEN HELLAS 6-12 months 51,085 $14,250 Sep 1

ST Shipp LR2 PIONEER 1 year 115,273 $14,500 Sep 1

IOC LAVAILS 2 years 299,325 $24,000 Sep 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

July 2017 August 2017