Tanker Chartering and Freight Rates

• DOI: http://doi.org/10.1111/oet.11_12659
• Date: 01 May 2020
• Published date: 01 May 2020

OIL AND ENERGY TRENDS, MAY 2020

52 TANKERS

TANKERS OIL AND ENERGY TRENDS, MAY 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 14 1,275 177.8 5.5 22 1,820 154.5 10.2

Mediterranean - Europe Atlantic Coast 25 2,255 177.1 10.2 18 1,660 145.6 9.4

Middle East - Far East 20 4,170 127.1 16.2 36 8,540 89.7 1.1

Internal Middle East 26 4,337 187.2 8.7 15 2,448 114.8 13.1

Middle East - SE Asia/Australasia 5 960 124.5 9.5 10 1,592 97.6 12.8

Middle East - Gulf of Mexico/Caribbean 1 280 72.5 8.2 1 280 37.5 3.9

Internal Europe Atlantic Coast 17 1,540 164.6 10.1 24 2,060 137.0 12.5

Europe Atlantic Coast - Gulf of Mexico/Caribbean 2 200 136.7 6.4 7 640 87.6 4.7

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

Gulf of Mexico/Caribbean - US/Can E Coast 3 175 170.0 5.1 1 70 150.0 0.4

Internal Gulf of Mexico/Carribbean 15 1,140 194.1 4.9 20 1,475 155.7 7.6

West Africa - Gulf of Mexico/Caribbean 1 130 173.0 10.0 - - - -

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

Internal SE Asia/Australasia 15 1205 186.2 5.1 3 240 170.0 1.3

SE Asia/Australasia - Far East 13 1,080 179.5 6.4 11 900 144.6 5.0

Other 115 16,975 * * 127 21,912 * *

Total/Average 272 35,722 154.1 295 43,637 108.0

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

T

ra

fi

gura

GOLD

POINT

1

yea

r

51

,

063

$16

,

000

O

c

t

31

Mj

o

l

ne

r

SILVER

POINT

1

yea

r

51

,

063

$16

,

000

O

c

t

31

K

oc

h

ALPINE

LIGHT

1

yea

r

50

,

238

$15

,

750

N

ov

1

Trafigura NORD OLYMPI

A

2 years 49,995 $17,250 Nov 1

Trafigura NORD OCEANIA 1 yea

r

49,996 $17,750 Nov 1

Koch NORD SUPERIOR 1 yea

r

50,800 $19,250 Nov 1

BP PACIFIC M 3 years 2,99,546 $33,000 Nov 1

BP NEPTUNE M 3 years 2,99,546 $33,000 Nov 1

Koch OLYMPIC TRUST 1 yea

r

3,19,869 $50,000 Nov 1

Koch ATHIRI 1 yea

r

73,984 $20,500 Nov 5

Hyundai GHILLIE 5 years 2,99,995 $48,000 Nov 20

SK Shipp C. PASSION 3 years 3,13,998 $37,000 Nov 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 2019 November 2019