Tanker Chartering and Freight Rates

• DOI: http://doi.org/10.1111/oet.11_12663
• Published date: 01 July 2020
• Date: 01 July 2020

OIL AND ENERGY TRENDS, JULY 2020

48 TANKERS

TANKERS OIL AND ENERGY TRENDS, JULY 2020

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 22 1,820 154.5 10.2 24 1,920 206.8 13.7

Mediterranean - Europe Atlantic Coast 18 1,660 145.6 9.4 11 880 188.0 12.1

Middle East - Far East 36 8,540 89.7 1.1 31 7,795 111.6 1.4

Internal Middle East 15 2,448 114.8 13.1 19 4,074 159.6 18.2

Middle East - SE Asia/Australasia 10 1,592 97.6 12.8 9 1,960 118.2 15.5

Middle East - Gulf of Mexico/Caribbean 1 280 37.5 3.9 - - - -

Internal Europe Atlantic Coast 24 2,060 137.0 12.5 19 1,700 175.4 16.0

Europe Atlantic Coast - Gulf of Mexico/Caribbean 7 640 87.6 4.7 3 255 109.3 5.8

Europe Atlantic Coast - US/Canada E Coast - - - - - - - -

Gulf of Mexico/Caribbean - US/Can E Coast 1 70 150.0 0.4 2 120 184.8 0.5

Internal Gulf of Mexico/Carribbean 20 1,475 155.7 7.6 11 655 235.9 11.5

West Africa - Gulf of Mexico/Caribbean - - - - 1 130 106.1 6.1

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

Internal SE Asia/Australasia 3 240 170.0 1.3 12 960 185.0 1.4

SE Asia/Australasia - Far East 11 900 144.6 5.0 4 300 185.8 6.4

Other 127 21,912 * * 72 12,440 * *

Total/Average 295 43,637 108.0 218 33,189 138.7

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

Ch

evron

ACHILLEAS

1

year

1

,

58

,

370

$34

,

200

D

ec

15

St

ena

NAVE

AQUILA

1

year

49

,

991

$16

,

000

D

ec

20

P

e

t

co

LOS

ANGELES

SPIRI

1

year

1

,

59

,

233

$37

,

500

D

ec

20

Chevron NAVE EQUATOR 2 years 49,999 $16,250 Jan 1

Norden SWIFT OMAHA 18 months 46,087 $16,500 Jan 1

Stena NAVE LUMINOSITY 2 years 49,999 $17,500 Jan 1

Trafigura PYXIS LAMD

A

6 months 50,145 $19,500 Jan 1 Rate for additional 6 months: $20,500 per day

Trafigura PYXIS EPSILON 6 months 50,124 $19,500 Jan 1 Rate for additional 6 months: $20,500 per day

Maers

k

SILVER HANNAH 2-3 years 49,999 $19,500 Jan 1

Maers

k

SILVER EMILY 2-3 years 49,746 $19,500 Jan 1

Norden ECO MARINA DEL RY 2 years 50,267 $19,500 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 2019 December 2019