Tanker Chartering and Freight Rates

• Date: 01 November 2016
• Published date: 01 November 2016
• DOI: http://doi.org/10.1111/oet.11_12307

OIL AND ENERGY TRENDS, NOVEMBER 2016

54 TANKERS

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%\+DXO Internal Mediterranean 68 4,850 111.6 3.5 91 6,469 99.8 3.1

Mediterranean - Europe Atlantic Coast 26 3,210 84.7 4.9 34 3,855 75.8 4.3

Middle East - Far East 45 11,317 59.3 7.6 51 12,594 44.2 5.6

Internal Middle East 41 4,914 74.9 3.5 69 10,529 57.9 2.7

Middle East - SE Asia/Australasia 22 4,065 60.5 4.6 15 2,835 51.4 3.9

Middle East - Gulf of Mexico/Caribbean 13 3,020 33.5 3.8 16 4,300 26.7 3.0

Internal Europe Atlantic Coast 49 4,410 88.3 5.4 52 4,488 82.0 5.0

Europe Atlantic Coast - Gulf of Mexico/Caribbean 9 1,035 63.3 3.0 7 690 64.4 3.0

Europe Atlantic Coast - US/Canada E Coast 7 895 69.0 4.1 2 174 70.1 4.1

Gulf of Mexico/Caribbean - US/Can E Coast 4 280 86.9 2.3 5 425 72.2 1.9

Internal Gulf of Mexico/Carribbean 25 2,070 89.4 2.3 37 3,030 75.7 1.9

West Africa - Gulf of Mexico/Caribbean 10 1,430 70.2 3.5 9 1,095 64.2 3.2

West Africa - US/Can E Coast 3 520 72.50 4.19 8 1,040 64.4 3.7

Internal SE Asia/Australasia 29 2,270 95.2 2.6 31 2,330 92.9 2.5

SE Asia/Australasia - Far East 21 1,770 96.7 3.5 25 2,000 87.6 3.1

Other 205 31,115 * * 248 36,323 * *

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

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Scorpio CARTAGENA 6-12 months 46,923 $13,500 Jul 10

CNR JAG PADMA 1 year 47,999 $17,000 Jul 10

Navig8 CAPTAIN PARIS 1 year 114,900 $21,500 Jul 10

Scorpio ZEFYROS 1 year 50,100 $14,500 Jul 12

Scorpio ATRIA 6-12 months 37,583 $13,500 Jul 15

Reliance HAFNIA ADAMELLO 1 year 40,002 $15,650 Jul 15

ST Shipp UNITED AMBASSADOR 6 months 73,500 $19,000 Jul 15

Stena DENSA ORCA 1 year 158,322 $23,000 Jul 15

Stena DENSA WHALE 1 year 158,322 $23,000 Jul 15

Suncor SPARTO 1 year 114,549 $20,800 Jul 20

Hyundai NEW HARMONY 1 year 320,391 RNR Jul 20

Navig8 STAR KESTREL 5 months 51,228 $14,500 Jul 25

Frontline MISS BENEDETTA 6 months 50,895 $14,750 Jul 25

CNR LYRIC MAGNOLIA 6 months 109,999 $18,000 Aug 1

CNR MUSKIE 1 year 70,362 $19,600 Aug 1

Vitol FOUR SMILE 6 months 160,573 $30,000 Aug 1

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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

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