Tanker Chartering and Freight Rates

• Published date: 01 December 2017
• DOI: http://doi.org/10.1111/oet.11_12418
• Date: 01 December 2017

OIL AND ENERGY TRENDS, DECEMBER 2017

46 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 42 2,330 110.1 3.4 44 2,955 85.8 2.7

Mediterranean - Europe Atlantic Coast 18 2,285 76.2 4.4 28 3,295 72.6 4.2

Middle East - Far East 59 13,590 52.5 6.7 66 15,599 52.8 6.7

Internal Middle East 40 6,597 65.6 3.0 51 7,973 62.7 2.9

Middle East - SE Asia/Australasia 17 3,424 55.0 4.2 20 4,367 55.5 4.2

Middle East - Gulf of Mexico/Caribbean 8 2,220 24.8 2.8 4 740 24.3 2.7

Internal Europe Atlantic Coast 41 3,356 85.8 5.2 26 2,350 74.5 4.6

Europe Atlantic Coast - Gulf of Mexico/Caribbean 3 240 86.0 4.0 9 706 76.9 3.6

Europe Atlantic Coast - US/Canada E Coast 2 135 99.2 5.8 1 55 112.5 6.6

Gulf of Mexico/Caribbean - US/Can E Coast 1 70 80 2.39 2 120 89 2.66

Internal Gulf of Mexico/Carribbean 20 1,840 77.3 2.0 38 3,090 79.5 2.0

West Africa - Gulf of Mexico/Caribbean 10 1,150 66.9 3.3 12 1,485 62.6 3.1

West Africa - US/Can E Coast 3 390 65.4 3.8 6 790 63.1 3.7

Internal SE Asia/Australasia 5 450 96.3 2.6 13 1,100 90.6 2.5

SE Asia/Australasia - Far East 13 1,040 87.3 3.1 16 1,350 88.4 3.2

Other 233 36,822 * * 276 41,360 * *

Total/Average 514 75,869 63.5 612 87,334 60.2

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

Table 21 Tanker Time Charters: July

Charterer Name of Vessel Period dwt Daily Rate Deliver

y

Remarks

CNR STI VILLE 10 days 49,990 $29,000 Jul 8

ST Shipp PETALOUDA 1 year 47,322 $12,750 Jul 15

Koch VENDOME STREET 6 months 47,400 $14,000 Jul 20

Koch SCF USSURI 6 months 50,923 $14,500 Jul 20

Litasco GRAND ACE 12 6-12 months 46,188 $12,750 Jul 25

Norden DL COSMOS 1 year 49,995 $12,750 Jul 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

June 2017 July 2017