Tanker Chartering and Freight Rates

• Published date: 01 December 2019
• Date: 01 December 2019
• DOI: http://doi.org/10.1111/oet.11_12600

OIL AND ENERGY TRENDS, DECEMBER 2019

48 TANKERS

TANKERS OIL AND ENERGY TRENDS, DECEMBER 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 8 695 85.2 2.6 10 905 84.7 2.6

Mediterranean - Europe Atlantic Coast 20 2,095 82.5 4.7 15 1,670 77.5 4.4

Middle East - Far East 22 5,410 47.7 6.1 20 4,980 44.8 5.7

Internal Middle East 21 2,955 77.1 3.6 27 3,376 83.8 3.9

Middle East - SE Asia/Australasia 5 1,020 54.0 4.1 9 1,435 60.5 4.6

Middle East - Gulf of Mexico/Caribbean 2 210 35.0 3.9 - - - -

Internal Europe Atlantic Coast 12 1,120 74.7 4.6 9 820 76.1 4.7

Europe Atlantic Coast - Gulf of Mexico/Caribbean 3 260 69.8 3.3 1 80 60.0 2.8

Europe Atlantic Coast - US/Canada E Coast 2 160 72.5 4.3 - - - -

Gulf of Mexico/Caribbean - US/Can E Coast - - - - - - - -

Internal Gulf of Mexico/Carribbean 8 640 82.3 2.1 10 639 86.0 2.2

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

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

Internal SE Asia/Australasia 9 720 107.5 2.9 4 310 95.0 2.6

SE Asia/Australasia - Far East 7 560 98.8 3.5 4 350 77.6 2.8

Other 118 19,503 * * 88 13,395 * *

Total/Average 241 35,828 63.2 197 27,960 60.2

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

Table 21 Tanker Time Charters: July

Charterer Name of Vessel Period dwt Daily Rate Deliver

y

Remarks

IOC

SPARKLE

1

yea

r

45

,

744

$12

,

280

J

u

l

10

S

corp

i

o

ALICE

I

1

yea

r

37

,

320

$13

,

000

J

u

l

10

St

ena

B

u

lk

ORWELL

1

yea

r

51

,

745

$13

,

500

J

u

l

10

Flopec MARKOS I 1 yea

r

45,999 $14,600 Jul 10

Concord MAERSK PENGUIN 30 months 1,10,000 $19,000 Jul 10

BP NORDDOLPHIN 6 months 1,12,800 $23,000 Jul 10

ST Shipp NEVESKA LADY 6 months 47,746 $13,850 Jul 19

Clearlake SUNNY BA

Y

6 months 50,661 $14,000 Jul 19

Petrobas GRAND 2-3 years 50,149 $16,200 Aug 1

Petrobras ST JAMES 24 months 48,005 $16,200 Aug 1

Petrobras HORIZON ARMONI

A

24 months 50,326 $16,200 Aug 1

Petrobras MARIPOSA 24 months 50,120 $16,250 Aug 1 Rate for additional 12 months: $17,000 per day

Petrobras MAMBO 24 months 45,967 $16,250 Aug 1 Rate for additional 12 months: $17,000 per day

Petrobras ANFA 24 months 47,975 $16,300 Aug 1

Petrobras PACIFIC ONY

X

24 months 50,006 $16,500 Aug 1 Rate for additional 12 months: $16,900 per day

Petrobras PACIFIC ZIRCON 24 months 50,000 $16,500 Aug 1 Rate for additional 12 months: $16,900 per day

Petrobras STENA PROGRESS 24 months 65,125 $17,500 Aug 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

June 2019 July 2019