Tanker Chartering and Freight Rates

• DOI: http://doi.org/10.1111/oet.11_12505
• Published date: 01 April 2018
• Date: 01 April 2018

OIL AND ENERGY TRENDS, APRIL 2018

50 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 50 3,343 123.2 3.8 14 1,305 115.4 3.6

Mediterranean - Europe Atlantic Coast 31 3,255 102.8 5.9 15 1,910 95.5 5.5

Middle East - Far East 21 4,775 65.8 8.4 32 8,353 66.6 8.5

Internal Middle East 25 3,180 84.1 3.9 14 2,596 68.4 3.2

Middle East - SE Asia/Australasia 9 1,433 68.1 5.2 7 1,370 77.5 5.9

Middle East - Gulf of Mexico/Caribbean 3 640 25.3 2.8 5 1,110 28.3 3.2

Internal Europe Atlantic Coast 31 2,598 99.0 6.1 12 1,155 83.5 5.1

Europe Atlantic Coast - Gulf of Mexico/Caribbean 6 480 88.1 4.1 2 270 62.4 2.9

Europe Atlantic Coast - US/Canada E Coast 3 190 101.6 6.0 1 55 120.0 7.1

Gulf of Mexico/Caribbean - US/Can E Coast 2 140 101.3 3.03 1 70 85 2.5

Internal Gulf of Mexico/Carribbean 22 1,730 118.0 3.0 11 890 96.7 2.5

West Africa - Gulf of Mexico/Caribbean 4 520 82.5 4.1 0 0 0.0 0.0

West Africa - US/Can E Coast 10 1,300 74.3 4.3 5 650 88.3 5.1

Internal SE Asia/Australasia 9 630 91.4 2.5 5 400 126.7 3.5

SE Asia/Australasia - Far East 10 730 104.2 3.7 5 500 98.5 3.5

Other 134 18,640 * * 99 16,510 * *

Total/Average 370 43,584 82.4 228 37,144 74.0

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

Table 21 Tanker Time Charters: November

Charterer Name of Vessel Period dwt Daily Rate Deliver

y

Remarks

ST Shipp AL MAHFOZA 6 months 105,433 $14,000 Nov 1

Navig8 MARE NOSTRUM 6 months 110,000 $15,650 Nov 1 Rate for additional 6 months: $16,650

Clearlake MAERSK CANCUN 1 year 50,000 $14,750 Nov 2

Bharat JAG AMISHA 6 months 74,000 $14,500 Nov 3

Aramco BOWFIN 1 year 75,000 $13,000 Nov 5

Koch MERCURY HOPE 1 year 297,221 $29,000 Nov 10

Koch EAGLE VENICE 1 year 298,991 $30,000 Nov 10

Trafigura CIELO BIANCO 6 months 74,999 $13,750 Nov 15 Rate for additional 6 months: $14,750

BPF Energy EAGLE AUSTIN 1 year 105,426 $15,000 Nov 15

Clearlake NS COLUMBUS 1-2 years 105,788 $15,500 Nov 15

Clearlake NS CAPTAIN 1-2 years 105,824 $15,500 Nov 15

Koch MAERSK HEIWA 2 years 298,274 $29,000 Nov 15

Novatek FSL SINGAPORE 1 year 47,470 $14,250 Nov 17

Stenaweco NORD VALIANT 1 year 49,737 $14,250 Nov 17

Stenaweco SILVER GWEN 1 year 49,746 $14,250 Nov 17

Castleton LUCTOR 1 year 50,383 $13,850 Nov 25

Stenaweco ALTAIR 2.5 years 50,583 $15,000 Nov 25

Navig8 THEODOSIA 6-12 months 70,312 $11,500 Dec 1

Shell LYRIC CAMELLIA 3 months 109,999 $15,500 Dec 1

Koch TRIKWONG VENTURE 1 year 296,722 $27,500 Dec 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

October 2017 November 2017