Tanker Chartering and Freight Rates

• Date: 01 December 2016
• DOI: http://doi.org/10.1111/oet.11_12310
• Published date: 01 December 2016

OIL AND ENERGY TRENDS, DECEMBER 2016

48 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 91 6,469 99.8 3.1 61 4,023 71.9 2.2

Mediterranean - Europe Atlantic Coast 34 3,855 75.8 4.3 30 3,277 50.3 2.9

Middle East - Far East 51 12,594 44.2 5.6 49 12,099 37.7 4.8

Internal Middle East 69 10,529 57.9 2.7 55 7,451 48.6 2.3

Middle East - SE Asia/Australasia 15 2,835 51.4 3.9 13 2,200 42.1 3.2

Middle East - Gulf of Mexico/Caribbean 16 4,300 26.7 3.0 15 3,880 24.4 2.8

Internal Europe Atlantic Coast 52 4,488 82.0 5.0 46 3,932 52.9 3.2

Europe Atlantic Coast - Gulf of Mexico/Caribbean 7 690 64.4 3.0 8 845 45.8 2.1

Europe Atlantic Coast - US/Canada E Coast 2 174 70.1 4.1 1 135 35.0 2.1

Gulf of Mexico/Caribbean - US/Can E Coast 5 425 72.2 1.9 1 70 85.0 2.3

Internal Gulf of Mexico/Carribbean 37 3,030 75.7 1.9 29 2,180 71.0 1.8

West Africa - Gulf of Mexico/Caribbean 9 1,095 64.2 3.2 8 1,040 35.9 1.8

West Africa - US/Can E Coast 8 1,040 64.38 3.72 6 780 37.1 2.1

Internal SE Asia/Australasia 31 2,330 92.9 2.5 18 1,640 76.6 2.1

SE Asia/Australasia - Far East 25 2,000 87.6 3.1 16 1,223 75.0 2.7

Other 248 36,323 * * 193 27,633 * *

Total/Average 700 92,176 61.5 549 72,408 43.2

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

Table 21 Tanker Time Charters: August

Charterer Name of Vessel Period dwt Daily Rate Deliver

y

Remarks

CNR ALPINE STEALTH 1 year 47,465 $13,500 Aug 1

CNR SEAVIGOUR 4-6 months 158,566 $23,000 Aug 10

CNR HELLAS NEMESIS 4-6 months 49,994 $14,500 Aug 15

CNR HELLAS APHRODITE 4-6 months 50,000 $14,500 Aug 15

CNR AL AGAILA 6 months 164,925 $22,000 Aug 15

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

July 2016 August 2016