Tanker Chartering and Freight Rates

• Published date: 01 November 2013
• DOI: http://doi.org/10.1111/oet.12107_11
• Date: 01 November 2013

OIL AND ENERGY TRENDS, NOVEMBER 2013 TANKERS 55

Table 20 Spot (Dirty) Tanker Fixtures and Freight Rates

No. of Tonnage % of Equivalent No. of Tonnage % of Equivalent

Fixtures (th mt) Ws $/mt Fixtures (th mt) Ws $/mt

By Haul Internal Mediterranean 99 7,133 76.8 2.4 94 6,736 83.6 2.6

Mediterranean - Europe Atlantic Coast 31 3,250 59.7 3.3 32 3,475 64.0 3.6

Middle East - Far East 41 8,572 46.7 6.0 54 12,059 44.7 5.7

Internal Middle East 61 7,307 59.8 2.6 58 7,852 61.8 2.7

Middle East - SE Asia/Australasia 14 2,910 45.9 3.6 19 4,229 43.7 3.5

Middle East - Gulf of Mexico/Caribbean 15 3,510 23.7 2.7 17 4,080 26.3 3.0

Internal Europe Atlantic Coast 62 5,350 72.1 4.4 54 4,935 65.2 3.9

Europe Atlantic Coast - Gulf of Mexico/Caribbean 13 1,064 69.6 3.3 8 775 68.3 3.2

Europe Atlantic Coast - US/Canada E Coast 4 395 60.7 4.0 6 550 68.3 4.5

Gulf of Mexico/Caribbean - US/Can E Coast 3 255 65.9 2.1 4 215 108.1 3.4

Internal Gulf of Mexico/Carribbean 48 3,945 84.9 2.0 37 2,630 90.0 2.1

West Africa - Gulf of Mexico/Caribbean 14 1,740 50.7 2.5 17 1,995 60.1 2.9

West Africa - US/Can E Coast 5 700 49.4 2.4 11 1,350 53.8 2.6

Internal SE Asia/Australasia 17 1,207 73.7 2.1 18 1,490 85.3 2.4

SE Asia/Australasia - Far East 7 560 68.9 2.6 22 1,700 81.8 3.1

Other 162 23,977 * * 175 24,566 * *

Total/Average 596 71,875 56.4 626 78,637 58.0

No. of Tonnage % of Equivalent No. of Tonnage % of Equivalent

Fixtures (th mt) Ws $/mt Fixtures (th mt) Ws $/mt

By Haul Internal Mediterranean 85 5,945 93.9 3.0 96 6,996 78.4 2.5

Mediterranean - Europe Atlantic Coast 40 4,095 74.4 4.1 29 2,911 65.6 3.6

Middle East - Far East 33 7,501 35.5 4.5 73 18,011 38.3 4.9

Internal Middle East 68 9,080 53.7 2.4 80 12,094 49.5 2.2

Middle East - SE Asia/Australasia 19 3,843 36.1 2.9 28 6,065 41.5 3.3

Middle East - Gulf of Mexico/Caribbean 8 2,070 20.1 2.3 20 5,445 21.6 2.5

Internal Europe Atlantic Coast 64 5,270 125.0 7.6 87 7,463 67.1 4.1

Europe Atlantic Coast - Gulf of Mexico/Caribbean 9 885 68.7 3.2 15 1,685 54.3 2.6

Europe Atlantic Coast - US/Canada E Coast 6 720 58.7 3.9 3 320 57.0 3.8

Gulf of Mexico/Caribbean - US/Can E Coast 2 140 87.5 2.8 1 70 95.0 3.0

Internal Gulf of Mexico/Carribbean 37 3,025 78.2 1.8 58 4,485 92.3 2.1

West Africa - Gulf of Mexico/Caribbean 19 2,625 53.8 2.6 28 3,429 55.9 2.7

West Africa - US/Can E Coast 5 520 71.0 3.4 5 650 55.3 2.7

Internal SE Asia/Australasia 19 1,480 74.8 2.1 20 1,365 72.0 2.0

SE Asia/Australasia - Far East 16 1,258 71.8 2.8 16 1,258 67.9 2.6

Other 152 22,503 * * 194 29,727 * *

Total/Average 582 70,959 63.5 753 101,974 51.0

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Charterer Name of Vessel Period dwt Daily Rate Delivery Remarks

Scorpio Indian Point 1 year 50,922 14,500 Jul 10

CNR Formosapetro Challenger 2 years 281,395 21,000 Jul 15

Koch Orfeas 1 year 73,400 17,500 Jul 15

Scorpio Iron Point 2 years 50,922 14,500 Jul 21

Stena Almi Explorer 1 year 157,787 17,500 Jul 25

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

April 2013 May 2013

June 2013 July 2013