Tanker Chartering and Freight Rates

• Published date: 01 October 2020
• Date: 01 October 2020
• DOI: http://doi.org/10.1111/oet.11_12669

OIL AND ENERGY TRENDS, OCTOBER 2020

46 TANKERS

TANKERS OIL AND ENERGY TRENDS, OCTOBER 2020

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 24 1,920 206.8 13.7 18 1,730 165.2 10.9

Mediterranean - Europe Atlantic Coast 11 880 188.0 12.1 11 1,015 161.0 10.4

Middle East - Far East 31 7,795 111.6 1.4 58 14,015 117.1 1.4

Internal Middle East 19 4,074 159.6 18.2 41 6,347 138.2 15.7

Middle East - SE Asia/Australasia 9 1,960 118.2 15.5 22 4,320 129.1 16.9

Middle East - Gulf of Mexico/Caribbean - - - - 1 270 48.5 31.6

Internal Europe Atlantic Coast 19 1,700 175.4 16.0 18 1,640 156.5 14.3

Europe Atlantic Coast - Gulf of Mexico/Caribbean 3 255 109.3 5.8 7 630 108.5 5.8

Europe Atlantic Coast - US/Canada E Coast - - - - - - - -

Gulf of Mexico/Caribbean - US/Can E Coast 2 120 184.8 0.5 1 70 350.0 1.0

Internal Gulf of Mexico/Carribbean 11 655 235.9 11.5 26 1,792 266.1 13.0

West Africa - Gulf of Mexico/Caribbean 1 130 106.1 6.1 - - - 13.6

West Africa - US/Can E Coast - - - - - - - -

Internal SE Asia/Australasia 12 960 185.0 1.4 14 1088 158.3 1.2

SE Asia/Australasia - Far East 4 300 185.8 6.4 8 615 146.6 5.1

Other 72 12,440 * * 150 26,123 * *

Total/Average 218 33,189 138.7 375 59,655 129.4

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

T

ra

fi

gura

SPRUCE

2

1

yea

r

38

,

402

$15

,

000

J

an

20

R

a

t

e

f

or a

dditi

ona

l

12

mon

th

s:

$20

,

500

per

d

ay

K

oc

h

GOLDEN

CORAL

1

yea

r

73

,

747

$18

,

500

J

an

20

Sh

e

ll

HECTOR

N

1

yea

r

2

,

08

,

400

$20

,

000

J

an

22

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 2019 January 2020