Tanker Chartering and Freight Rates

• DOI: http://doi.org/10.1111/oet.11_12598
• Date: 01 November 2019
• Published date: 01 November 2019

OIL AND ENERGY TRENDS, NOVEMBER 2019

54 TANKERS

TANKERS OIL AND ENERGY TRENDS, NOVEMBER 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 8 745 85.0 2.6 8 695 85.2 2.6

Mediterranean - Europe Atlantic Coast 26 2,680 85.3 4.9 20 2,095 82.5 4.7

Middle East - Far East 33 8,245 40.4 5.1 22 5,410 47.7 6.1

Internal Middle East 23 4,271 57.1 2.6 21 2,955 77.1 3.6

Middle East - SE Asia/Australasia 8 1,740 43.1 3.3 5 1,020 54.0 4.1

Middle East - Gulf of Mexico/Caribbean 3 840 16.2 1.8 2 210 35.0 3.9

Internal Europe Atlantic Coast 27 2,475 88.3 5.4 12 1,120 74.7 4.6

Europe Atlantic Coast - Gulf of Mexico/Caribbean 6 480 69.8 3.3 3 260 69.8 3.3

Europe Atlantic Coast - US/Canada E Coast 1 80 80.0 4.7 2 160 72.5 4.3

Gulf of Mexico/Caribbean - US/Can E Coast 2 219 56.3 1.7 - - - -

Internal Gulf of Mexico/Carribbean 22 1,477 86.0 2.2 8 640 82.3 2.1

West Africa - Gulf of Mexico/Caribbean 3 390 52.5 3.0 3 350 67.2 3.9

West Africa - US/Can E Coast 1 130 55.0 1.5 1 130 70.0 1.9

Internal SE Asia/Australasia 7 540 105.0 2.9 9 720 107.5 2.9

SE Asia/Australasia - Far East 2 120 105.0 3.8 7 560 98.8 3.5

Other 126 19,598 * * 118 19,503 * *

Total/Average 298 44,030 56.8 241 35,828 63.2

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

Table 21 Tanker Time Charters: June

Charterer Name of Vessel Period dwt Daily Rate Deliver

y

Remarks

K

oc

h

ARION

1

yea

r

3

,

09

,

459

$22

,

000

J

un

1

ST

Shi

pp

DL

COSMOS

6

mon

th

s

49

,

995

$13

,

250

J

un

10

CNR

PIS

POLARIS

1

yea

r

45

,

988

$13

,

750

J

un

10

Navig8 BOLAN 6 months 74,919 $15,100 Jun 10

Koch GULF BAYNUNAH 6 months 46,522 $15,250 Jun 10

Koch JAG AANCHAL 9 months 74,811 $15,750 Jun 10

ST Shipp LYRIC CAMELLI

A

1 yea

r

1,09,999 $22,000 Jun 10

ST Shipp LYRIC MAGNOLI

A

1 yea

r

1,09,999 $22,000 Jun 10

Equinor BW NESOS 3 years 1,14,900 $25,000 Jun 10

Equinor BW THALASSA 3 years 1,14,900 $25,000 Jun 10

CSSA EAGLE VANCOUVER 3 years 3,20,299 $31,000 Jun 12

Koch EAGLE VERONA 9 months 3,20,122 $29,000 Jun 15

Koch EAGLE VICTORIA 15 months 2,99,392 $29,000 Jun 15

Trafigura MIRACLE HOPE 3 years 3,18,747 $36,500 Jun 15

Trafigura MARINE HOPE 3 years 3,19,300 $36,500 Jun 15

ST Shipp EAGLE MILAN 6-9 months 46,549 $13,500 Jun 19

Koch EAGLE MELBOURNE 1 yea

r

50,079 $14,500 Jun 19

Trafigura CLIO 3 years 1,12,723 $21,500 Jun 19

Koch PIS POLARIS 1 yea

r

45,988 $14,500 Jun 20 Rate for additional 12 months: $16,000 per day

Koch EAGLE MATSUYAM

A

1 yea

r

45,800 $14,500 Jun 21

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

May 2019 June 2019