Tanker Chartering and Freight Rates

• Date: 01 September 2017
• DOI: http://doi.org/10.1111/oet.11_12412
• Published date: 01 September 2017

OIL AND ENERGY TRENDS, SEPTEMBER 2017

46 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 72 4,505 118.9 3.7 34 2,130 115.1 3.6

Mediterranean - Europe Atlantic Coast 48 5,595 102.2 5.9 18 2,280 89.3 5.1

Middle East - Far East 44 10,932 57.9 7.4 32 7,238 63.9 8.1

Internal Middle East 39 6,290 78.2 3.6 37 6,296 84.1 3.9

Middle East - SE Asia/Australasia 21 3,895 65.9 5.0 14 2,230 73.7 5.6

Middle East - Gulf of Mexico/Caribbean 13 2,880 32.2 3.6 10 2,210 38.2 4.3

Internal Europe Atlantic Coast 52 4,515 103.1 6.3 26 2,108 98.6 6.0

Europe Atlantic Coast - Gulf of Mexico/Caribbean 5 545 86.2 4.0 3 270 85.0 4.0

Europe Atlantic Coast - US/Canada E Coast 1 37 140.0 8.3 1 55 102.5 6.0

Gulf of Mexico/Caribbean - US/Can E Coast 1 70 90.0 2.4 — — — —

Internal Gulf of Mexico/Carribbean 29 2,540 109.5 2.8 10 920 89.2 2.3

West Africa - Gulf of Mexico/Caribbean 8 870 90.5 4.5 4 520 75.0 3.7

West Africa - US/Can E Coast 4 520 95.00 5.49 3 390 76.7 4.4

Internal SE Asia/Australasia 21 1,631 113.4 3.1 8 590 107.5 2.9

SE Asia/Australasia - Far East 32 2,625 109.3 3.9 14 1,270 101.2 3.6

Other 230 35,152 * * 221 34,965 * *

Total/Average 620 82,602 79.6 435 63,472 74.0

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

Table 21 Tanker Time Charters: April

Charterer Name of Vessel Period dwt Daily Rate Deliver

y

Remarks

Vitol FPMC 22 6-8 months 50,997 $11,500 Mar 1

CNR CHLOE 6 months 320,261 $30,000 Mar 1

SK Shipp C. PROSPERITY 2 years 313,875 $30,500 Mar 1

Norden RITA M 6 months 45,997 $12,500 Mar 5 Additional 6 months at $13,000 per day

Trafigura FOUR SKY 2-4 months 115,708 $14,700 Mar 10

Castleton RELIANCE II 6 months 46,108 $12,200 Mar 15

CSSA HISTRIA IVORY 1 year 40,450 $12,750 Mar 15

Cargill HORIZON THEANO 6 months 50,268 $12,500 Mar 25

CNR STAR EAGLE 6 months 51,213 $12,750 Mar 25

Newton MELODY 6 months 38,435 $15,000 Mar 25

Shell POWER D 6-12 months 319,012 $30,000 Mar 25

CNR ALJALAA 6 months 115,571 $15,500 Apr 1

Nyala EUROCHAMPION 2004 6 months 164,608 $22,000 Apr 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

March 2017 April 2017