Tanker Chartering and Freight Rates

• Published date: 01 September 2019
• DOI: http://doi.org/10.1111/oet.11_12594
• Date: 01 September 2019

OIL AND ENERGY TRENDS, SEPTEMBER 2019

TANKERS OIL AND ENERGY TRENDS, SEPTEMBER 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 8 695 99.9 3.1 12 1,135 80.8 2.5

Mediterranean - Europe Atlantic Coast 29 2,855 86.0 4.9 28 2,929 76.0 4.4

Middle East - Far East 26 6,490 60.2 7.7 40 10,144 40.6 5.2

Internal Middle East 17 3,133 70.1 3.2 17 2,650 61.4 2.8

Middle East - SE Asia/Australasia 11 1,990 61.5 4.7 15 3,000 44.5 3.4

Middle East - Gulf of Mexico/Caribbean 1 280 27.0 3.0 2 560 17.1 1.9

Internal Europe Atlantic Coast 17 1,660 92.0 5.6 17 1,650 73.7 4.5

Europe Atlantic Coast - Gulf of Mexico/Caribbean 5 560 59.8 2.8 3 190 90.4 4.2

Europe Atlantic Coast - US/Canada E Coast - - - - 2 265 48.9 2.9

Gulf of Mexico/Caribbean - US/Can E Coast 1 70 105.0 3.1 2 114 77.5 2.3

Internal Gulf of Mexico/Carribbean 21 1,378 105.5 2.7 12 1,030 74.6 1.9

West Africa - Gulf of Mexico/Caribbean 1 130 55.0 3.2 1 130 60.0 3.5

West Africa - US/Can E Coast - - - - - - - -

Internal SE Asia/Australasia 10 795 96.3 2.6 8 640 97.3 2.7

SE Asia/Australasia - Far East 7 875 96.7 3.5 5 640 67.5 2.4

Other 113 18,562 * * 120 19,591 * *

Total/Average 267 39,473 69.3 284 44,668 54.1

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

Table 21 Tanker Time Charters: April

Charterer Name of Vessel Period dwt Daily Rate Deliver

y

Remarks

BP LUCTOR 1 year 50,383 $14,250 Apr 1

Shell POLAR COD 1 year 73,919 $14,750 Apr 1

CNR GULF CASTLE 1 year 74,999 $15,500 Apr 1

Trafigura DALMACIJA 1 year 49,900 $16,000 Apr 1 Rate for additional 12 months: $16,800 per day

MSC ALPINE MARIA 45 days 49,999 $25,000 Apr 1

PMI HIGH PERFORMANCE 6 months 51,303 $13,500 Apr 10

Clearlake JING YU ZUO 1 year 75,577 $14,250 Apr 10

Koch JAG PUNIT 9-15 months 49,602 $15,750 Apr 10

Clearlake CHRYSANTHEMUM 6 months 1,05,187 $19,400 Apr 10

Cargill BW LARISSA 1 year 1,14,900 $22,500 Apr 10

Vitol SPOTTAIL 1 year 74,997 $14,500 Apr 12

PMI MISS MARIAROSARIA 1 year 50,895 $14,250 Apr 15

PMI VALLE AZZURRA 1 year 50,697 $14,250 Apr 15

Clearlake ARCTIC BAY 15-21 month 50,921 $14,550 Apr 19

Clearlake ARCTIC BLIZZARD 18-24 month 50,921 $14,600 Apr 19

Vitol GEORGY MASLOV 1 year 1,20,600 $21,000 Apr 20

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

March 2019 April 2019

48 TANKERS