Tanker Chartering and Freight Rates

• Date: 01 July 2017
• DOI: http://doi.org/10.1111/oet.11_12408
• Published date: 01 July 2017

OIL AND ENERGY TRENDS, JULY 2017

50 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 106 7,298 140.7 4.4 93 6,226 109.2 3.4

Mediterranean - Europe Atlantic Coast 31 3,450 103.2 5.9 23 2,530 85.3 4.9

Middle East - Far East 62 14,300 70.8 9.0 45 9,858 62.5 8.0

Internal Middle East 38 5,547 101.8 4.7 34 4,350 82.0 3.8

Middle East - SE Asia/Australasia 18 3,790 71.7 5.5 8 1,495 75.3 5.7

Middle East - Gulf of Mexico/Caribbean 9 1,795 44.2 5.0 9 1,900 38.4 4.3

Internal Europe Atlantic Coast 62 5,097 108.7 6.6 62 5,578 104.8 6.4

Europe Atlantic Coast - Gulf of Mexico/Caribbean 6 450 98.4 4.6 5 425 97.4 4.6

Europe Atlantic Coast - US/Canada E Coast 2 210 81.8 4.8 4 295 94.4 5.6

Gulf of Mexico/Caribbean - US/Can E Coast 1 70 120.0 3.2 3 267 93.8 2.5

Internal Gulf of Mexico/Carribbean 38 2,940 142.6 3.6 36 2,500 116.7 3.0

West Africa - Gulf of Mexico/Caribbean 3 340 91.3 4.5 3 315 84.0 4.2

West Africa - US/Can E Coast 6 780 81.25 4.70 2 260 74.0 4.3

Internal SE Asia/Australasia 19 1,520 105.8 2.9 20 1,690 103.9 2.8

SE Asia/Australasia - Far East 18 1,545 101.6 3.6 33 2,830 101.5 3.6

Other 259 40,812 * * 380 40,519 * *

Total/Average 678 89,944 89.2 621 75,116 81.9

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

Table 21 Tanker Time Charters: February

Charterer Name of Vessel Period dwt Daily Rate Deliver

y

Remarks

ST Shipp FALCON EXPRESS 6 months 115,045 $17,500 Feb 1

Stenaweco MISS BENEDETTA 6-12 months 50,895 $12,750 Feb 5

Milestone SONGA PRIDE 1 year 47,908 $16,500 Feb 10

Koch RUBY IV 3 months 281,050 $28,500 Feb 15

Koch AQUADISIAC 6-12 months 50,695 $11,250 Feb 20

ORL CHRYSOPIGI 1 year 38,000 $12,750 Feb 20

ORL BENTLEY I 1 year 40,081 $13,000 Feb 20

Koch TAIBAH 1 year 45,100 $14,000 Feb 20

Vitol DENSA CROCODILE 6 months 105,171 $16,500 Feb 21

Shell LR2 POSEIDON 45-90 days 115,273 $11,750 Feb 25

Chevron NANCY P 2 years 44,999 $12,750 Feb 25

Chevron JANE S 2 years 44,999 $12,750 Feb 25

Navig8 UNITY VENTURE 1 year 111,911 $18,250 Feb 25

Shell MARAN REGULUS 1 year 310,106 $19,000 Feb 25

Statoil VICTORY I 5 months 298,911 $27,000 Feb 25

Stenaweco MISS MARINA 6 months 50,895 $12,750 Mar 1

ST Shipp HISTRIA PRINCE 1 year 40,420 $12,950 Mar 1

ST Shipp HISTRIA TIGER 1 year 40,400 $12,950 Mar 1

Penfield BERGINA 2 years 107,786 $16,500 Mar 1

CSSA DHT EUROPE 1 year 317,713 $31,250 Mar 1

Statoil LUCTOR 1 year 49,383 $12,750 Mar 5

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

January 2017 February 2017