Tanker Chartering and Freight Rates

• DOI: http://doi.org/10.1111/oet.11_12398
• Date: 01 February 2017
• Published date: 01 February 2017

OIL AND ENERGY TRENDS, FEBRUARY 2017

54 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 78 5,786 82.1 2.5 116 7,695 80.8 2.5

Mediterranean - Europe Atlantic Coast 29 3,335 70.6 4.0 42 4,715 81.9 4.7

Middle East - Far East 45 9,483 36.5 4.6 71 16,942 50.6 6.4

Internal Middle East 52 7,153 49.8 2.3 57 8,858 69.1 3.2

Middle East - SE Asia/Australasia 14 2,880 36.4 2.8 21 4,122 51.7 3.9

Middle East - Gulf of Mexico/Caribbean 11 2,870 23.7 2.7 17 4,760 30.9 3.5

Internal Europe Atlantic Coast 67 6,412 66.7 4.1 68 5,845 83.2 5.1

Europe Atlantic Coast - Gulf of Mexico/Caribbean 10 900 50.8 2.4 11 1,130 58.7 2.7

Europe Atlantic Coast - US/Canada E Coast 5 475 62.4 3.7 4 375 79.4 4.7

Gulf of Mexico/Caribbean - US/Can E Coast 1 70 85.0 2.3 6 388 85.1 2.3

Internal Gulf of Mexico/Carribbean 28 2,040 83.0 2.1 34 2,280 91.8 2.3

West Africa - Gulf of Mexico/Caribbean 13 1,630 60.4 3.0 9 1,120 81.6 4.1

West Africa - US/Can E Coast 6 730 57.23 3.31 5 650 79.0 4.6

Internal SE Asia/Australasia 20 1,812 61.8 1.7 33 2,350 83.6 2.3

SE Asia/Australasia - Far East 14 1,170 64.3 2.3 25 2,140 66.7 2.4

Other 255 39,947 * * 230 34,772 * *

Total/Average 647 86,623 53.6 833 107,439 64.7

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

Table 21 Tanker Time Charters: October

Charterer Name of Vessel Period dwt Daily Rate Deliver

y

Remarks

Vitol JO PINARI 1 year 75,022 $15,500 Oct 1

Vitol JO REDWOOD 1 year 73,847 $15,500 Oct 1

CNR EMERALD SPIRIT 1 year 109,060 $17,500 Oct 5

HPL JAG PRANAV 3 months 51,383 $14,400 Oct 7

MenaEnergy FS SINCERITY 1 year 48,045 $12,250 Oct 10

MenaEnergy T REX 1 year 50,600 $13,550 Oct 10

Solal LEYLA K 1 year 115,570 $17,500 Oct 10

Petrobras OLYMPIC LEOPARD 1 year 319,869 $30,250 Oct 10

Petrobras OLYMPIC LIBERTY 1 year 309,992 $30,250 Oct 10

Koch MARAN CASSIOPEIA 18 months 159,000 $22,500 Oct 15

LaurinMari MATTHEOS I 1 year 45,999 $13,000 Oct 20

Koch ECO SEAS 3 months 320,000 $27,000 Oct 20

Laurin OMODOS 1 year 50,521 $13,000 Oct 25

Stenaweco ESSIE C 6 months 49,999 $12,750 Nov 1

Transalba ADAMAS I 1 year 50,122 $15,500 Nov 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

September 2016 October 2016