Tanker Chartering and Freight Rates

• DOI: http://doi.org/10.1111/oet.11_12507
• Date: 01 May 2018
• Published date: 01 May 2018

OIL AND ENERGY TRENDS, MAY 2018

56 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 14 1,305 115.4 3.6 22 1,920 97.8 3.0

Mediterranean - Europe Atlantic Coast 15 1,910 95.5 5.5 18 2,345 89.6 5.1

Middle East - Far East 32 8,353 66.6 8.5 21 5,054 58.6 7.5

Internal Middle East 14 2,596 68.4 3.2 16 2,750 75.0 3.5

Middle East - SE Asia/Australasia 7 1,370 77.5 5.9 3 475 77.3 5.9

Middle East - Gulf of Mexico/Caribbean 5 1,110 28.3 3.2 3 700 26.8 3.0

Internal Europe Atlantic Coast 12 1,155 83.5 5.1 20 1,850 85.4 5.2

Europe Atlantic Coast - Gulf of Mexico/Caribbean 2 270 62.4 2.9 2 185 79.9 3.7

Europe Atlantic Coast - US/Canada E Coast 1 55 120.0 7.1 ----

Gulf of Mexico/Caribbean - US/Can E Coast 1 70 85.0 2.54 2 140 121 3.6

Internal Gulf of Mexico/Carribbean 11 890 96.7 2.5 17 1,350 134.2 3.4

West Africa - Gulf of Mexico/Caribbean - - - - 1 130 80.0 4.0

West Africa - US/Can E Coast 5 650 88.3 5.1 6 705 90.8 5.2

Internal SE Asia/Australasia 5 400 126.7 3.5 6 480 109.0 3.0

SE Asia/Australasia - Far East 5 500 98.5 3.5 5 470 92.0 3.3

Other 99 16,510 * * 101 14,239 * *

Total/Average 228 37,144 74.0 243 32,793 76.5

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

Table 21 Tanker Time Charters: December

Charterer Name of Vessel Period dwt Daily Rate Deliver

y

Remarks

Castleton TURMOIL 1 year 50,419 $13,850 Nov 30

ST Shipp GULF VALOUR 1 year 99,000 $16,000 Dec 1

Statoil LYRIC MAGNOLIA 6 months 109,000 $17,750 Dec 1

Trafigura BALTIC CHIEF I 1-3 months 37,418 $11,500 Dec 4

Trafigura BALTIC CAPTAIN I 1-3 months 37,339 $11,500 Dec 4

CSSA RIDGEBURYROSEMARY 1 year 50,000 $13,750 Dec 5

Trafigura ST. KATHARINEN 6 months 50,259 $14,500 Dec 5

Vitol BORA BORA, 1 year 49,000 $14,750 Dec 5

Stenaweco NORD VALIANT 1 year 49,737 $16,800 Dec 5

ST Shipp PIONEER EXPRESS 1 year 47,370 $13,750 Dec 6

Stenaweco ARDMORE ENTERPRISE 1 year 46,542 $14,000 Dec 6

BPLC SANMAR STANZA 1 year 47,110 $14,000 Dec 7

Scorpio ZEFYROS 6 months 50,100 $13,250 Dec 10

ST Shipp SEAHERITAGE 1 year 109,229 $14,600 Dec 10

Stenaweco SKS SKEENA 1 year 158,933 $16,000 Dec 10

Vitol OLYMPIC TARGET 1 year 318,700 $27,500 Dec 10

Vitol JURKALNE 1 year 52,622 $13,500 Dec 12

ST Shipp KRITI AMBER 3-6 months 45,614 $12,750 Dec 17

Norden SEA HORIZON 9-12 months 47,149 $13,500 Dec 17

Trafigura POSILLIPO 24 months 53,116 $14,000 Dec 17

Shell PYXIS DELTA 6 months 46,616 $14,500 Dec 17

Trafigura CENITO 24 months 53,116 $14,000 Dec 19

IOC DESH SHOBHA 2 years 159,034 $17,500 Dec 20

Penfield LARVIK 1 year 61,213 $11,000 Jan 1 Rate for additional 12 months: $12,500 per day

Trafigura IRON POINT 1 year 50,922 $14,750 Jan 1 Rate for additional 12 months: $16,000 per day

Reliance ORANGE STARS 1 year 115,756 $16,500 Jan 1

BP TORM EMILIE 50-80 days 74,999 $18,000 Jan 1

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

November 2017 December 2017