Tanker Chartering and Freight Rates

• Published date: 01 April 2017
• Date: 01 April 2017
• DOI: http://doi.org/10.1111/oet.11_12402

OIL AND ENERGY TRENDS, APRIL 2017

52 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 116 7,695 80.8 2.5 113 6,831 119.9 3.7

Mediterranean - Europe Atlantic Coast 42 4,715 81.9 4.7 37 4,123 100.0 5.7

Middle East - Far East 71 16,942 50.6 6.4 49 11,388 66.8 8.5

Internal Middle East 57 8,858 69.1 3.2 44 6,296 83.7 3.9

Middle East - SE Asia/Australasia 21 4,122 51.7 3.9 14 2,125 74.4 5.7

Middle East - Gulf of Mexico/Caribbean 17 4,760 30.9 3.5 10 2,650 39.7 4.5

Internal Europe Atlantic Coast 68 5,845 83.2 5.1 70 6,048 87.8 5.4

Europe Atlantic Coast - Gulf of Mexico/Caribbean 11 1,130 58.7 2.7 8 745 68.3 3.2

Europe Atlantic Coast - US/Canada E Coast 4 375 79.4 4.7 2 92 92.0 5.4

Gulf of Mexico/Caribbean - US/Can E Coast 6 388 85.1 2.3 1 70 122.5 3.3

Internal Gulf of Mexico/Carribbean 34 2,280 91.8 2.3 35 2,999 94.5 2.4

West Africa - Gulf of Mexico/Caribbean 9 1,120 81.6 4.1 12 1,485 68.8 3.4

West Africa - US/Can E Coast 5 650 79.00 4.57 6 780 66.9 3.9

Internal SE Asia/Australasia 33 2,350 83.6 2.3 20 1,495 87.0 2.4

SE Asia/Australasia - Far East 25 2,140 66.7 2.4 19 1,490 83.9 3.0

Other 230 34,772 * * 241 35,292 * *

Total/Average 833 107,439 64.7 681 83,909 78.4

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

Teekay ASTRO SCULPTOR 1 year 105,108 $17,000 Nov-10

Navig8 OCEAN BREEZE 6-12 months 50,100 $10,500 Nov 15

Enichem NEW DIAMOND 6 months 299,986 $31,500 Nov 15

Maersk ENDEAVOUR 9 months 46,101 $13,000 Nov 20 Relet

ExxonMobil DONEGAL SPIRIT 1 year 105,200 $17,250 Nov 20

CNR NAVE EQUINOX 1 year 50,922 $11,750 Nov 25

CNR KLEON 1 year 109,999 $16,000 Nov 25

Unipec RIDGEBURYPIONEER 6 months 306,397 $30,000 Nov 25

Maersk ADVANCE II 6 months 46,101 $12,500 Nov 30 Relet

Koch NAVE AQUILA 6 months 49,991 $11,500 Dec 1 Rate for additional 6 months: $12,500

Enichem FORMOSAP.CHALLENGE 6 months 281,395 $28,000 Dec 1

Frontline OCEANIS 1 year 320,780 $30,250 Dec 1

Koch XIN JIN YANG 6 months 297,376 $30,250 Dec 1

Barbaro ASTRO POLARIS 1 year 159,251 $11,750 Dec 25

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 2016 November 2016