Tanker Chartering and Freight Rates

• DOI: http://doi.org/10.1111/oet.11_12414
• Published date: 01 October 2017
• Date: 01 October 2017

OIL AND ENERGY TRENDS, OCTOBER 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 34 2,130 115.1 3.6 53 3,516 117.3 3.6

Mediterranean - Europe Atlantic Coast 18 2,280 89.3 5.1 27 3,025 92.7 5.3

Middle East - Far East 32 7,238 63.9 8.1 45 10,188 62.2 7.9

Internal Middle East 37 6,296 84.1 3.9 37 6,296 84.1 3.9

Middle East - SE Asia/Australasia 14 2,230 73.7 5.6 9 1,718 65.0 5.0

Middle East - Gulf of Mexico/Caribbean 10 2,210 38.2 4.3 9 2,230 29.8 3.4

Internal Europe Atlantic Coast 26 2,108 98.6 6.0 41 3,267 86.5 5.3

Europe Atlantic Coast - Gulf of Mexico/Caribbean 3 270 85.0 4.0 10 875 82.1 3.8

Europe Atlantic Coast - US/Canada E Coast 1 55 102.5 6.0 4 425 69.8 4.1

Gulf of Mexico/Caribbean - US/Can E Coast ———— 1 70802.39

Internal Gulf of Mexico/Carribbean 10 920 89.2 2.3 34 2,910 96.8 2.5

West Africa - Gulf of Mexico/Caribbean 4 520 75.0 3.7 5 650 76.1 3.8

West Africa - US/Can E Coast 3 390 76.7 4.4 5 650 73.8 4.3

Internal SE Asia/Australasia 8 590 107.5 2.9 14 1,125 102.2 2.8

SE Asia/Australasia - Far East 14 1,270 101.2 3.6 7 525 100.6 3.6

Other 221 34,965 * * 211 30,170 * *

Total/Average 435 63,472 74.0 512 67,639 73.5

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

Table 21 Tanker Time Charters: May

Charterer Name of Vessel Period dwt Daily Rate Deliver

y

Remarks

ST Shipp NAVE PULSAR 18 months 50,922 $12,500 Apr 15

AngloAmeri STELLA JADE 1 year 175,932 $15,100 May 1

ST Shipp FPMC P HERO 1 year 114,411 $15,500 May 5

CNR ANANGEL MARINER 9-12 months 179,100 $20,750 May 5

ST Shipp DL NAVIG8 1 year 49,700 $13,500 May 10

OTI FS SINCERITY 6-10 months 48,045 $13,500 May 12

Koch GULF MIST 1 year 12,500 $12,500 May 15

Koch GULF MOON 1 year 12,500 $12,500 May 15

Reliance OLYMPIC LEOPARD 1 year 29,000 $29,000 May 15

Trafigura CONCEPT 1 year 47,171 $12,500 May 17

Maersk MISS MARIAROSARIA 1-2 years 50,895 $13,500 May 17

Flopec SUNLIGHT EXPRESS 1 year 45,931 $13,600 May 17

Frontline MISS MARINA 6 months 50,895 $13,850 May 17

Total GLENDA MELODY 1 year 47,238 $14,000 May 17

Navig8 CAPTAIN SPIRO 1 year 114,900 $16,000 May 17

Navig8 CAPTAIN PARIS 1 year 114,900 $16,000 May 17

Navig8 CAPTAIN JOHN 1 year 114,900 $16,000 May 17

Koch GEM NO. 3 1 year 79,000 RNR May 17

BP GULF VISION 1 year 115,700 RNR May 17

Trafigura KONTG QUE ZUO 1 year 75,578 RNR May 17

HPCL SWARNA KALASH 35-55 days 47,878 $13,750 May 18

HPCL JAG AANCHAL 35-55 days 74,811 $15,950 May 18

Cosco KONG QUE ZUO 1 year 75,578 $13,250 May 20

Navig8 ESER K 6 months 115,830 $15,000 May 20

Norient ATLANTIC MIRAGE 6-18 months 51,476 $12,500 May 25

Norient ATLANTIC MUSE 6-18 months 51,109 $12,500 May 25

Shell AMORE MIO II 1-2 months 159,981 $22,000 May 25

Cargill BOX 6 months 50,577 $14,250 May 28

Reliance JAG PRANAV 1 year 51,383 $14,000 Jun 1

HPCL JAG PRABHA 1 year 47,999 $14,500 Jun 1

Unipec BM BONANZA 6-12 months 105,400 $15,000 Jun 1

ATC SEA SHELL 6 months 158,509 $22,000 Jun 1

ExxonMobil OLYMPIC LADY 7 years 309,000 $30,000 Jun 1

ATC SEA SHELL 6-12 months 158,409 $22,000 Jun 6

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

April 2017 May 2017