Tanker Chartering and Freight Rates

• Date: 01 January 2020
• DOI: http://doi.org/10.1111/oet.11_12651
• Published date: 01 January 2020

OIL AND ENERGY TRENDS, JANUARY 2020

52 TANKERS

TANKERS OIL AND ENERGY TRENDS, JANUARY 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 10 905 84.7 2.6 8 700 76.2 2.4

Mediterranean - Europe Atlantic Coast 15 1,670 77.5 4.4 10 985 70.9 4.1

Middle East - Far East 20 4,980 44.8 5.7 16 3,894 53.9 6.9

Internal Middle East 27 3,376 83.8 3.9 12 1,686 78.4 3.6

Middle East - SE Asia/Australasia 9 1,435 60.5 4.6 3 620 57.3 4.4

Middle East - Gulf of Mexico/Caribbean - - - - - - - -

Internal Europe Atlantic Coast 9 820 76.1 4.7 17 1,560 66.2 4.0

Europe Atlantic Coast - Gulf of Mexico/Caribbean 1 80 60.0 2.8 4 340 53.2 2.5

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

Gulf of Mexico/Caribbean - US/Can E Coast - - - - 1 70 82.5 2.5

Internal Gulf of Mexico/Carribbean 10 639 86.0 2.2 8 465 85.3 2.2

West Africa - Gulf of Mexico/Caribbean - - - - 1 130 57.5 3.3

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

Internal SE Asia/Australasia 4 310 95.0 2.6 4 320 85.0 2.3

SE Asia/Australasia - Far East 4 350 77.6 2.8 2 160 95.0 3.4

Other 88 13,395 * * 64 9,501 * *

Total/Average 197 27,960 60.2 150 20,431 62.5

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

Table 21 Tanker Time Charters: August

Charterer Name of Vessel Period dwt Daily Rate Deliver

y

Remarks

IOC

HARI

ANAND

1

yea

r

45

,

457

$12

,

200

A

ug

1

Al

as

k

a

T

an

k

BOWFIN

6

mon

th

s

74

,

994

$16

,

700

A

ug

1

M

aers

k

KALAHARI

3

-

5

years

1

,

12

,

827

$19

,

500

A

ug

1

Trafigura SUEZ RAJAN 8 months 1,58,564 $24,000 Aug 10

Trafigura NEW VISION 8 months 1,57,617 $27,000 Aug 10

Koch DESIRADE 1 yea

r

3,00,000 $38,500 Aug 20

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

July 2019 August 2019