Tanker Chartering and Freight Rates

• Published date: 01 May 2019
• DOI: http://doi.org/10.1111/oet.11_12586
• Date: 01 May 2019

OIL AND ENERGY TRENDS, MAY 2019

54 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 8 700 132.9 4.1 13 1,190 178.7 5.5

Mediterranean - Europe Atlantic Coast 14 1,470 138.5 7.9 24 2,455 158.5 9.1

Middle East - Far East 12 3,239 88.4 11.3 43 10,480 90.9 11.6

Internal Middle East 19 2,358 122.4 5.7 34 4,594 123.0 5.7

Middle East - SE Asia/Australasia 4 750 101.9 7.8 15 3,115 97.0 7.4

Middle East - Gulf of Mexico/Caribbean 2 565 38.0 4.3 1 140 65.0 7.3

Internal Europe Atlantic Coast 14 1,340 100.1 6.1 14 1,360 128.3 7.8

Europe Atlantic Coast - Gulf of Mexico/Caribbean 1 100 85.0 4.0 2 110 165.0 7.7

Europe Atlantic Coast - US/Canada E Coast 1 130 80.0 4.7 1 80 147.5 8.7

Gulf of Mexico/Caribbean - US/Can E Coast 1 70 195.0 5.8 3 174 163.8 4.9

Internal Gulf of Mexico/Carribbean 10 680 224.7 5.7 20 1,820 138.9 3.5

West Africa - Gulf of Mexico/Caribbean 5 650 101.5 5.9 2 260 102.5 5.9

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

Internal SE Asia/Australasia 3 240 140.0 3.8 5 400 138.3 3.8

SE Asia/Australasia - Far East 1 80 125.0 4.5 4 420 121.6 4.4

Other 70 11,182 * * 110 16,682 * *

Total/Average 166 23,684 107.7 292 43,410 107.9

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

Trafigura SPRUCE 2 5-10 months 73,747 $13,650 Nov 25

Koch OMODOS 1 year 50,521 $13,000 Dec 1 Rate for additional year: $15,500 per day

CSSA FLAGSHIP ORCHID 1 year 74,594 $13,750 Dec 1

Vitol ASHLEY LADY 1 year 112,043 $16,500 Dec 1

ST Shipp KRITI EMERALD 10 months 50,353 $13,000 Dec 18

Trafigura SEAMUSE 3 months 48,673 $14,250 Dec 18

BW Tankers GALISSAS 3 months 50,058 $14,000 Dec 20

Koch ATLANTIC BREEZE 3 months 46,660 $15,000 Dec 20 Rate for additional 3 months: $16,000 per day

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 2018 December 2018