Tanker Chartering and Freight Rates

• Date: 01 February 2015
• DOI: http://doi.org/10.1111/oet.12222_11
• Published date: 01 February 2015

OIL AND ENERGY TRENDS, FEBRUARY 2015

56 TANKERS

TANKERS OIL AND ENERGY TRENDS, FEBRUARY 2015

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 58 4,035 91.8 2.9 89 7,200 87.7 2.8

Mediterranean - Europe Atlantic Coast 35 4,015 70.9 3.9 42 5,060 81.6 4.5

Middle East - Far East 50 11,811 43.9 5.6 73 17,987 45.8 5.8

Internal Middle East 53 6,399 60.1 2.7 61 7,194 75.6 3.4

Middle East - SE Asia/Australasia 12 2,719 43.1 3.4 33 6,392 50.7 4.0

Middle East - Gulf of Mexico/Caribbean 11 2,480 22.6 2.6 15 4,180 24.1 2.8

Internal Europe Atlantic Coast 54 4,945 69.7 4.2 69 6,133 79.2 4.8

Europe Atlantic Coast - Gulf of Mexico/Caribbean 3 310 62.4 2.9 7 705 66.9 3.1

Europe Atlantic Coast - US/Canada E Coast 3 190 107.6 7.1 12 865 93.4 6.2

Gulf of Mexico/Caribbean - US/Can E Coast 5 330 73.8 2.0 8 560 96.9 2.6

Internal Gulf of Mexico/Carribbean 35 2,620 84.6 1.9 53 4,230 110.5 2.5

West Africa - Gulf of Mexico/Caribbean 8 1,040 57.8 2.8 13 1,425 73.2 3.6

West Africa - US/Can E Coast 2 260 56.3 2.7 4 520 73.4 3.6

Internal SE Asia/Australasia 16 1,075 88.6 2.5 30 2,035 85.9 2.4

SE Asia/Australasia - Far East 22 1,670 91.5 3.5 25 1,910 87.7 3.4

Other 247 34,611 * * 279 41,398 * *

Total/Average 614 78,510 57.8 813 1,07,794 65.6

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

Table 21 Tanker Time Charters: Octobe

r

Chartere

r

Name of Vessel Period dwt Daily Rate Deliver

y

Remarks

Koch JAG AANCHAL 1 year 74,811 $15,750 Oct 2

Flopec ODESSA 1 year 1,49,999 $24,000 Oct 2

CSSA ALKIVIADIS 1 year 36,721 $14,125 Oct 3 Rate for additional 12 months: $15,125

Koch MAERSK PRIVILEGE 1 year 1,05,483 $18,000 Oct 3

CNR NAVE LUMINOSITY 2 years 49,999 $14,320 Oct 4

BP TURMOIL 1 year 50,419 14000 Oct 5

CSSA SARA 1 year 3,23,183 $28,000 Oct 5

AET FPMC 25 2 years 50,084 14000D Oct 6 Rate for second year: $14,250

AET FPMC 26 2 years 50,994 $14,000 Oct 6 Rate for second year: $14,250

CSSA ARISTIDIS 1 year 36,680 $14,120 Oct 6

Euronav SUEZ HANS 1-2 years 1,59,460 $23,500 Oct 7

Solal SKS SINNI 6 months 1,59,460 $22,500 Oct 10 Rate for additional 6 months: $22,750

CSSA SONIA 3 years 3,22,000 $28,000 Oct 10

BP ELLINIS 1 year 3,06,507 $29,500 Oct 10

Valero STEALTH SKYROS 1 year 1,15,000 $19,500 Oct 13

Mansel VINALINES GALAXY 3 months 50,530 $12,250 Oct 15

Flopec AQUALEADER 1 year 1,15,669 $19,500 Oct 15

Clearlake AEGEAN NOBILITY 1 year 1,15,814 $20,200 Oct 16

Clearlake AEGEAN POWER 1 year 1,15,838 $20,200 Oct 18

ST Shipp HAI TUN ZUO 1 year 75,570 $15,800 Oct 20

Teekay RBD ANEMA E CORE 8 months 1,58,983 $17,000 Oct 20 Rate for additional 12 months: $21,000

BG ASTRO PHOENIX 1 year 1,59,982 $21,750 Oct 20

Petroineos ASHNA 18 months 3,01,438 $27,000 Oct 23

Navig8 BAREILLY 1 year 1,06,061 $18,000 Oct 25

BG ASTRO PERSEUS 1 year 1,58,983 $21,750 Oct 25

Shell STENA ATLANTICA 3 years 1,13,500 $22,000 Oct 25

Shell STENA ARCTICA 3 years 1,17,099 $22,000 Oct 25

Glasford TENKI 3 years 3,16,021 RNR Oct 25

Koch MAERSK HAYAMA 12 days 3,00,000 $26,000 Oct 30

CNR ARIEL 6 months 71,498 $15,850 Nov 3 Rate for additional 6 months: $16,400

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

September 2014 October 2014