Tanker Chartering and Freight Rates

• Date: 01 June 2015
• Published date: 01 June 2015
• DOI: http://doi.org/10.1111/oet.12253_11

OIL AND ENERGY TRENDS, JUNE 2015

48 TANKERS

TANKERS OIL AND ENERGY TRENDS, JUNE 2015

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 84 6,685 112.7 3.6 74 5,350 134.0 4.2

Mediterranean - Europe Atlantic Coast 36 4,370 100.0 5.6 38 4,495 95.8 5.3

Middle East - Far East 42 9,830 69.3 8.8 59 13,960 61.5 7.8

Internal Middle East 58 8,957 84.6 3.7 66 10,449 92.0 4.1

Middle East - SE Asia/Australasia 21 4,305 71.8 5.7 17 3,215 67.6 5.4

Middle East - Gulf of Mexico/Caribbean 10 2,565 39.0 4.5 10 2,430 31.3 3.6

Internal Europe Atlantic Coast 62 5,380 132.7 8.0 45 4,065 95.0 5.7

Europe Atlantic Coast - Gulf of Mexico/Caribbean 5 475 86.2 4.1 5 575 72.6 3.4

Europe Atlantic Coast - US/Canada E Coast 5 500 90.8 6.0 3 400 68.5 4.5

Gulf of Mexico/Caribbean - US/Can E Coast 3 220 132.4 3.5 3 210 160.0 4.3

Internal Gulf of Mexico/Carribbean 27 2,392 124.0 2.9 39 3,965 134.2 3.1

West Africa - Gulf of Mexico/Caribbean 8 1,170 86.1 4.2 4 520 77.3 3.8

West Africa - US/Can E Coast 2 260 86.3 4.2 - - - -

Internal SE Asia/Australasia 31 2,200 104.0 2.9 16 1,024 105.4 2.9

SE Asia/Australasia - Far East 19 1,398 110.0 4.2 15 905 108.2 4.2

Other 219 32,890 * * 215 33,296 * *

Total/Average 632 83,597 87.7 609 84,859 83.7

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

Table 21 Tanker Time Charters: Februar

y

Chartere

r

Name of Vessel Period dwt Daily Rate Deliver

y

Remarks

SK Shipp ARENZA XXVII 1 year 3,07,190 $40,250 Jan 29

ST Shipp JASMINE EXPRESS 1 year 46,999 $14,500 Feb 1

ST Shipp HARUNA EXPRESS 1 year 45,761 $14,750 Feb 1

Koch PIONEER 1 year 3,06,397 $39,000 Feb 3

Frontline MISS LUCY 6 months 50,661 $15,000 Feb 5

Shell OLYMPIC LEGEND 2 years 3,08,500 $38,500 Feb 5

Trafigura GENMAR VISION 1 year 3,12,679 $38,000 Feb 7

Trafigura GENMAR VICTORY 1 year 3,12,638 $38,000 Feb 7

ST Shipp WALNUT EXPRESS 1 year 45,729 $14,750 Feb 10

Koch FRONT PANTHER 1 year 1,14,600 $25,000 Feb 10

Koch FRONT PUMA 1 year 1,15,239 $25,000 Feb 10

Enichem CAPE BALDER 3-5 months 1,59,998 $37,500 Feb 10

BP IWATESAN 1 year 3,00,667 $45,000 Feb 10

Trafigura XIN YONG YANG 10 1 year 3,09,266 $35,000 Feb 12 Rate for additional 12 months: 37,000 Day

Trafigura ASTRO CHALLENGE 1 year 2,99,222 $35,000 Feb 12 Rate for additional 12 months: 37,000 Day

Cargill CSC AMETHYST 1 year 49,982 $14,250 Feb 13

BP NEW JOVIALITY 2 years 3,18,000 $42,500 Feb 13

ST Shipp MONTENERO 1 year 40,157 $14,150 Feb 15

CNR SOPHIE SCHULTE 3 years 1,15,583 $21,000 Feb 15

Koch RATNA NAMRATA 1 year 1,05,830 $22,700 Feb 15

Enichem EUROCHAMPION 2004 3-5 months 1,64,608 $37,500 Feb 15

ATC ELKA ATHINA 2 years 1,01,970 $22,000 Feb 16

Socar SKS TRINITY 1 year 1,09,798 $12,000 Feb 18

ST Shipp ORIENTAL EMERALD 1 year 50,353 $14,050 Feb 20

BP SHINYO KANNIKA 1 year 2,81,395 $40,000 Feb 24

Navig8 ESHIPS RUWAIS 1 year 47,128 $13,000 Feb 25

ST Shipp ORIENTAL EMERALD 1 year 50,352 $14,050 Feb 25

Quest NICOS TOMASOS 6-12 months 37,260 $15,250 Feb 25

Shell SCF PRIMORYE 1 year 1,58,070 $30,000 Feb 25

Navig8 BLS RUWAIS 1 year 47,128 $13,500 Feb 28

ATC BOW PIONEER 1 year 81,305 $18,000 Feb 28

Shell AMANTEA 2 years 3,09,287 $40,500 Feb 20/28

Repsol OLYMPIC LIGHT 16 months 3,17,106 $48,500 Apr 1

Repsol OLYMPIC LOYALTY II 15 months 3,06,990 $48,500 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

January 2015 February 2015