Tanker Chartering and Freight Rates

• DOI: http://doi.org/10.1111/oet.11_12276
• Date: 01 September 2015
• Published date: 01 September 2015

OIL AND ENERGY TRENDS, SEPTEMBER 2015

48 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 104 7,840 106.0 3.3 73 5,345 117.8 3.7

Mediterranean - Europe Atlantic Coast 40 4,152 90.3 5.0 32 3,405 93.2 5.2

Middle East - Far East 46 11,370 57.1 7.3 49 11,305 67.8 8.6

Internal Middle East 74 10,734 86.6 3.8 60 9,059 94.8 4.2

Middle East - SE Asia/Australasia 30 5,980 64.9 5.1 19 4,060 75.8 6.0

Middle East - Gulf of Mexico/Caribbean 15 3,705 31.3 3.6 8 2,085 39.0 4.5

Internal Europe Atlantic Coast 68 6,265 106.7 6.4 63 5,665 102.6 6.2

Europe Atlantic Coast - Gulf of Mexico/Caribbean 4 290 94.1 4.4 7 605 82.4 3.9

Europe Atlantic Coast - US/Canada E Coast 6 520 82.0 5.4 1 100 72.5 4.8

Gulf of Mexico/Caribbean - US/Can E Coast 1 70 100.0 2.7 — — — —

Internal Gulf of Mexico/Carribbean 40 3,960 116.1 2.7 22 2,558 109.7 2.5

West Africa - Gulf of Mexico/Caribbean 4 520 74.1 3.6 8 1,040 93.8 4.6

West Africa - US/Can E Coast 5 650 82 4 — — — —

Internal SE Asia/Australasia 23 1,490 96.6 2.7 34 2,490 110.0 3.1

SE Asia/Australasia - Far East 18 1,395 94.1 3.6 18 1,295 114.2 4.4

Other 262 38,818 * * 208 32,807 * *

Total/Average 740 97,759 77.4 602 81,819 83.5

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

Table 21 Tanker Time Charters: May

Charterer Name of Vessel Period dwt Daily Rate Deliver

y

Remarks

CNR YASA ORION 6 months 158,475 $35,000 May 5

CNR YASA POLARIS 6 months 157,700 $35,000 May 5

CNR NAVE GALACTIC 1 year 297,168 $29,625 May 7

Scorpio VUKOVAR 3 years 49,990 $17,250 May 9

ATC ROSS SEA 1 year 114,542 $23,000 May 10

Kuo Oil KEROS WARRIOR 7-30 days 103,368 $19,250 May 10

Koch STAR OSPREY 6 months 51,213 $15,600 May 10

Stena AFRODITI 1-2 years 166,281 $29,000 May 10

Cargill MTM YANGON 6 months 44,999 $15,500 May 11

Stena ORPHEAS 2-3 years 167,282 $29,000 May 12

ATC BLUE SEA 1-2 years 105,491 $22,000 May 12

Litasco NOBLEWAY 1 year 164,028 $30,000 May 12

Trafigura ETERNAL SUNSHINE 6 months 45,915 $16,500 May 15

Trafigura STAVANGER PRINCE 13 months 109,390 $21,000 May 15

Koch VENDOME STREET 1 year 47,400 $17,250 May 15

ST Shipp TRIDENT STAR 2-3 months 105,996 $28,500 May 15

ST Shipp RATNA SHRUTI 2-3 months 105,746 $26,000 May 15

Concord TINOS WARRIOR 1-3 months 105,426 $22,000 May 15

PetroChina SEA BAY 2-3 months 108,650 $30,000 May 15

Mercuria NANYANG STAR 3-6 months 104,594 $24,000 May 15

Cargill MARIANNE KIRK 1 year 51,291 $17,000 May 18

Flopec SEA FAITH 2 years 46,000 $16,450 May 18

Flopec NORDIC HANNE 1 year 38,396 $15,200 May 20

Scorpio DENSA ALLIGATOR 1 year 105,408 $24,875 May 20

Koch SEYCHELLES PRELUDE 6 months 45,000 $15,500 May 20 Rate for additional 6 months: $16,500

Frontline MAERSK MAYA 6 months 47,401 $16,000 May 20

SignalChar ATLANTIC CANYON 1 year 36,677 $14,000 May 26

Trafigura SOPHIE SCHULTE 1 year 115,483 $21,000 May 28 Relet

CPC BUNGA KASTURI TIGA 1 year 300,398 $28,000 May 28

ST Shipp ROYAL OAK 60-90 days 71,345 RNR Jun 1

PetroChina SEA BAY 3 months 108,760 $30,000 Jun 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

April 2015 May 2015