Tanker Chartering and Freight Rates

• DOI: http://doi.org/10.1111/oet.11_12590
• Published date: 01 July 2019
• Date: 01 July 2019

OIL AND ENERGY TRENDS, JULY 2019

52 TANKERS

TANKERS OIL AND ENERGY TRENDS, JULY 2019

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 3 290 130.9 4.1 12 1,065 98.1 3.0

Mediterranean - Europe Atlantic Coast 12 1,675 110.0 6.3 9 935 94.4 5.4

Middle East - Far East 17 3,715 69.4 8.8 34 8,504 49.0 6.2

Internal Middle East 29 4,660 88.5 4.1 27 3,807 69.6 3.2

Middle East - SE Asia/Australasia 12 2,358 79.5 6.1 14 2,743 52.2 4.0

Middle East - Gulf of Mexico/Caribbean 1 280 23.0 2.6 3 640 19.4 2.2

Internal Europe Atlantic Coast 4 380 100.1 6.1 9 840 87.8 5.4

Europe Atlantic Coast - Gulf of Mexico/Caribbean 1 135 80.0 3.7 3 290 68.8 3.2

Europe Atlantic Coast - US/Canada E Coast 1 80 85.0 5.0 2 160 77.5 4.6

Gulf of Mexico/Caribbean - US/Can E Coast 2 105 120.0 3.6 1 150 67.5 2.0

Internal Gulf of Mexico/Carribbean 12 1,045 152.8 3.9 15 1,070 135.5 3.5

West Africa - Gulf of Mexico/Caribbean - - - - 1 55 130 8

West Africa - US/Can E Coast - - - - 2 260 65 2

Internal SE Asia/Australasia - - - - 5 500 93 3

SE Asia/Australasia - Far East 8 810 109.5 3.9 6 495 90.4 3.2

Other 143 16,281 * * 129 20,311 * *

Total/Average 245 31,814 82.7 272 41,825 62.4

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

Clearlake PLATYTERA 4-7 months 47,401 $14,000 Jan 31

CPTA MISS BENEDETTA 8-14 months 50,895 $13,750 Feb 1

Flopec SELINI 3 years 74,269 $15,000 Feb 1

Flopec SALAMINA 3 years 74,471 $15,000 Feb 1

PDS VAN PHONG 1 1 year 1,05,636 $15,000 Feb 1

ST Shipp RAYSUT 6 months 1,14,500 $17,000 Feb 1

ExxoMobil UNIVERSAL LEADER 7 years 2,99,981 $31,000 Feb 1

P66 CENTENNIAL MISUMI 1 year 47,186 $13,250 Feb 19

Clearlake ALPINE PERSEFONE 1 year 74,268 $13,500 Feb 19

Vitol ALPINE PENELOPE 1 year 74,470 $14,750 Feb 19

Clearlake OLYMPIC LYRA 6 months 3,18,676 $25,000 Mar 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

January 2019 February 2019