Tanker Chartering and Freight Rates

• DOI: http://doi.org/10.1111/oet.11_12304
• Date: 01 October 2016
• Published date: 01 October 2016

OIL AND ENERGY TRENDS, OCTOBER 2016

50 TANKERS

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%\+DXO Internal Mediterranean 78 5,668 102.8 3.2 68 4,850 111.6 3.5

Mediterranean - Europe Atlantic Coast 31 3,670 81.8 4.7 26 3,210 84.7 4.9

Middle East - Far East 39 9,180 62.4 8.0 45 11,317 59.3 7.6

Internal Middle East 46 6,172 71.9 3.3 41 4,914 74.9 3.5

Middle East - SE Asia/Australasia 11 2,210 65.5 5.0 22 4,065 60.5 4.6

Middle East - Gulf of Mexico/Caribbean 12 3,200 36.0 4.1 13 3,020 33.5 3.8

Internal Europe Atlantic Coast 56 4,886 89.4 5.5 49 4,410 88.3 5.4

Europe Atlantic Coast - Gulf of Mexico/Caribbean 8 995 60.3 2.8 9 1,035 63.3 3.0

Europe Atlantic Coast - US/Canada E Coast ͲͲͲͲ 7 895 69 4

Gulf of Mexico/Caribbean - US/Can E Coast ͲͲͲͲ 4 280 87 2

Internal Gulf of Mexico/Carribbean 29 2,100 104.7 2.7 25 2,070 89.4 2.3

West Africa - Gulf of Mexico/Caribbean 8 1,040 59.1 2.9 10 1,430 70.2 3.5

West Africa - US/Can E Coast 5 650 69.80 4.03 3 520 72.5 4.2

Internal SE Asia/Australasia 29 2,315 87.8 2.4 29 2,270 95.2 2.6

SE Asia/Australasia - Far East 26 2,155 90.9 3.3 21 1,770 96.7 3.5

Other 203 30,489 * * 205 31,115 * *

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

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AET ASTRO SCULPTOR 3 days 70,000 $27,000 Jun 3

AET GENER8 DEFIANCE 3 days 70,000 $28,000 Jun 3

Koch IVER EXAMPLE 6 months 46,858 $15,000 Jun 10

NanjingPet FIDELITY 1 year 46,803 $16,000 Jun 15

Navig8 PETALOUDA 1 year 47,322 $16,100 Jun 15

Shell MR PEGASUS 1 year 50,070 $16,250 Jun 15

Vitol ASHNA 3-6 months 301,438 $45,000 Jun 15

ST Shipp STAVANGER EAGLE 3-5 months 45,898 $15,250 Jun 20

Navig8 NAVE PULSAR 6 months 50,922 $15,850 Jun 20

Panocean SONGA CORAL 2 years 107,081 $23,000 Jun 20

Vitol TOTONNO BOTTIGLEIR 1 year 108,870 $24,000 Jun 20

ST Shipp MINERVA INDIANA 6 months 105,547 $20,500 Jun 25

SignalShip ATLANTIC CANYON 2-3 years 36,677 $13,500 Jul 1

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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

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