Tanker Chartering and Freight Rates

• Published date: 01 June 2019
• Date: 01 June 2019
• DOI: http://doi.org/10.1111/oet.11_12588

OIL AND ENERGY TRENDS, JUNE 2019

46 TANKERS

TANKERS OIL AND ENERGY TRENDS, JUNE 2019

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 13 1,190 178.7 5.5 3 290 130.9 4.1

Mediterranean - Europe Atlantic Coast 24 2,455 158.5 9.1 12 1,675 110.0 6.3

Middle East - Far East 43 10,480 90.9 11.6 17 3,715 69.4 8.8

Internal Middle East 34 4,594 123.0 5.7 29 4,660 88.5 4.1

Middle East - SE Asia/Australasia 15 3,115 97.0 7.4 12 2,358 79.5 6.1

Middle East - Gulf of Mexico/Caribbean 1 140 65.0 7.3 1 280 23.0 2.6

Internal Europe Atlantic Coast 14 1,360 128.3 7.8 4 380 100.1 6.1

Europe Atlantic Coast - Gulf of Mexico/Caribbean 2 110 165.0 7.7 1 135 80.0 3.7

Europe Atlantic Coast - US/Canada E Coast 1 80 147.5 8.7 1 80 85.0 5.0

Gulf of Mexico/Caribbean - US/Can E Coast 3 174 163.8 4.9 2 105 120.0 3.6

Internal Gulf of Mexico/Carribbean 20 1,820 138.9 3.5 12 1,045 152.8 3.9

West Africa - Gulf of Mexico/Caribbean 2 260 102.5 5.9

- ---

West Africa - US/Can E Coast 1 130 120.0 3.3

- ---

Internal SE Asia/Australasia 5 400 138.3 3.8

- ---

SE Asia/Australasia - Far East 4 420 121.6 4.4 8 810 109.5 3.9

Other 110 16,682 * * 143 16,281 * *

Total/Average 292 43,410 107.9 245 31,814 82.7

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

Table 21 Tanker Time Charters: January

Charterer Name of Vessel Period dwt Daily Rate Deliver

y

Remarks

Koch SWARNA JAYANTI 6 months 1,04,903 $17,250 Jan 1 Rate for additional 6 months: $19,250 per day

Teekay PROSTAR 2 years 1,15,000 $20,500 Jan 1

Vitol DOLVIKEN 2 years 1,59,058 $23,500 Feb 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

December 2018 January 2019