Tanker Chartering and Freight Rates

• Published date: 01 March 2020
• DOI: http://doi.org/10.1111/oet.11_12655
• Date: 01 March 2020

OIL AND ENERGY TRENDS, MARCH 2020

44 TANKERS

TANKERS OIL AND ENERGY TRENDS, MARCH 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 8 700 76.2 2.4 14 1,120 105.4 3.3

Mediterranean - Europe Atlantic Coast 10 985 70.9 4.1 17 1,595 98.0 5.6

Middle East - Far East 16 3,894 53.9 6.9 22 5,750 60.5 7.7

Internal Middle East 12 1,686 78.4 3.6 7 1,503 73.6 3.4

Middle East - SE Asia/Australasia 3 620 57.3 4.4 5 970 60.3 4.6

Middle East - Gulf of Mexico/Caribbean - - - - 1 280 45.0 5.1

Internal Europe Atlantic Coast 17 1,560 66.2 4.0 19 1,800 79.0 4.8

Europe Atlantic Coast - Gulf of Mexico/Caribbean 4 340 53.2 2.5 4 325 72.3 3.4

Europe Atlantic Coast - US/Canada E Coast - - - - 2 230 82.0 4.8

Gulf of Mexico/Caribbean - US/Can E Coast 1 70 82.5 2.5 2 215 78.0 2.3

Internal Gulf of Mexico/Carribbean 8 465 85.3 2.2 16 1,029 115.1 2.9

West Africa - Gulf of Mexico/Caribbean 1 130 57.5 3.3 3 390 58.3 3.4

West Africa - US/Can E Coast - - - - 1 80 120.0 3.3

Internal SE Asia/Australasia 4 320 85.0 2.3 5 400 101.7 2.8

SE Asia/Australasia - Far East 2 160 95.0 3.4 1 80 95.0 3.4

Other 64 9,501 * * 37 5,875 * *

Total/Average 150 20,431 62.5 156 21,642 75.6

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

Table 21 Tanker Time Charters: September

Charterer Name of Vessel Period dwt Daily Rate Deliver

y

Remarks

Navig8 CRUDESUN 6 months 1,15,643 $22,500 Sep 15

Navig8 CRUDEMED 6 months 1,15,000 $22,500 Sep 15

Chevron ORCHID EXPRESS 1 year 46,594 $15,500 Sep 19

Shell MEGALONISSOS 6 months 1,06,170 $16,000 Sep 19

Navig8 NAVE RIGEL 2 years 74,673 $16,000 Sep 19

Koch BREEZY VICTORIA 1 year 74,999 $16,850 Sep 19

Shell TORM ESTRID 2 years 74,999 $17,000 Sep 19

Clearlake ATLANTIC AQUARIUS 1 year 47,128 $15,250 Sep 25

Clearlake ATLANTIC LEO 1 year 47,128 $15,250 Sep 25

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

August 2019 September 2019