Tanker Chartering and Freight Rates

• Published date: 01 February 2016
• DOI: http://doi.org/10.1111/oet.11_12280
• Date: 01 February 2016

OIL AND ENERGY TRENDS, FEBRUARY 2016

58 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 58 4,325 79.4 2.5 76 5,908 90.1 2.8

Mediterranean - Europe Atlantic Coast 21 2,485 68.6 3.8 39 4,435 89.3 5.0

Middle East - Far East 53 12,864 51.2 6.5 51 11,514 69.9 8.9

Internal Middle East 47 7,113 59.8 2.7 83 11,917 86.5 3.8

Middle East - SE Asia/Australasia 11 2,460 51.5 4.1 17 3,349 67.5 5.4

Middle East - Gulf of Mexico/Caribbean 14 3,900 27.0 3.1 7 1,960 37.6 4.3

Internal Europe Atlantic Coast 45 4,180 71.0 4.3 56 7,960 84.1 5.1

Europe Atlantic Coast - Gulf of Mexico/Caribbean 4 490 56.2 2.6 6 645 61.7 2.9

Europe Atlantic Coast - US/Canada E Coast 0 0 0.0 0.0 2.0 230.0 62.8 4.1

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

Internal Gulf of Mexico/Carribbean 17 1,970 75.4 1.7 9 1,335 95.5 2.2

West Africa - Gulf of Mexico/Caribbean 5 650 55.9 2.7 7 910 78.9 3.8

West Africa - US/Can E Coast 4.00 520.00 70.25 3.40 8.00 1,040 80.31 3.89

Internal SE Asia/Australasia 25 1,720 99.1 2.8 38 2,579 95.6 2.7

SE Asia/Australasia - Far East 11 805 94.9 3.6 37 2,644 95.2 3.7

Other 233 36,964 * * 350 51,009 * *

Total/Average 548 80,446 56.6 786 107,435 77.1

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

Koch STAR EXPRESS 1 year 45,838 $16,750 Oct 1

MorganStan VELEBIT 1 year 52,610 $17,750 Oct 1

Petrobras VERMILION ENERGY 3 years 106,131 $22,000 Oct 1

CNR ADELE MARINA RIZZO 5 months 109,266 $25,500 Oct 1

Koch FRONT PUMA 2 years 115,239 $28,000 Oct 1

Koch FRONT PANTHER 2 years 114,600 $28,000 Oct 1

Litasco PACIFIC VOYAGER 6 months 302,290 $42,500 Oct 1

CNR DS COMMANDER 3-6 months 311,286 $46,000 Oct 1

Cargill MEI LIN WAN 1-2 years 109,000 $24,500 Oct 5

Shell AMORE MIO II 9 months 159,981 $33,000 Oct 5

Trafigura SUEZ RAJAN 1 year 159,574 $35,000 Oct 5

Koch ALTER EGO 6 months 308,371 $37,500 Oct 5

Trafigura ADAMAS I 1 year 50,122 $17,900 Oct 6

Tesoro SUNLIGHT EXPRESS 1 year 45,931 $17,000 Oct 20

BP ENERGY CENTAUR 1 year 74,995 $20,000 Oct 20

BP ENERGY CENTURION 1 year 74,995 $20,000 Oct 20

CNR SKAZOCHNYJ MOST 6 months 47,314 RNR Oct 22

Litasco ALTEREGO II 5 years 159,924 $29,000 Oct 25

Koch MILLENNIUM 12-18 months 301,171 $41,500 Oct 25

BP BUNGA KASTURI LIMA 2 years 300,246 $42,500 Oct 25

CNR SYDNEY SPIRIT 3 days 158,000 $45,000 Oct 25

Koch COSGREAT LAKE 12-18 months 298,300 $50,000 Oct 25

ExxonMobil MISTRAL 18 months 306,278 $42,500 Oct 26

ExxonMobil SAMCO TAIGA 2 years 318,310 $44,000 Oct 26

CNR SCARLET TRADER 1 year 125,546 $22,000 Oct 28

Vitol MARAN LYRA 12-18 months 286,945 $40,000 Oct 28

Vitol MARAN CENTAURUS 12-18 months 300,029 $40,000 Oct 28

Clearlake YASA GOLDEN HORN 2-3 years 116,095 $26,500 Oct 31

IOC JAG LAKSHITA 2 years 147,092 $29,500 Oct 31

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 2015 October 2015