Page 66 - Annual Review 2020

Indian National Shipowners’ Association
66
5. FREIGHT RATES
5.1 Fearnleys - Time Charter Rates for Tankers
Month
VLCC (Modern) Suezmax (Modern) Aframax (Modern) Product 80,000 DWT
2015 2016 2017 2018 2019 2015 2016 2017 2018 2019 2015 2016 2017 2018 2019 2015 2016 2017 2018 2019
January February March April
May
June
July August September October November December Average
42500 52500 27500 27500 31125 32000 36500 22000 21000 24500 23000 29500 17250 17300 18500 18000 24500 14000 13100 45000 47500 27500 23500 26000 32000 35000 21500 16500 24500 23000 28000 17250 13500 18750 18125 23500 14000 13100 43000 46000 27000 22500 33000 32750 32000 19500 16250 24000 23000 26000 16000 13500 19250 19375 21000 13750 13100 42000 42500 27500 21000 32000 32000 29000 19000 15500 24000 23250 24000 15500 13500 20500 21000 20000 14000 12600 45000 40500 27500 21000 37500 33000 28750 19000 15500 24000 25000 23500 15500 13750 21500 21000 19250 14000 1280 46500 36500 27500 23000 38000 34000 25500 17500 16500 24000 26500 23250 15500 14250 21500 22000 19000 13500 12900 49500 34000 27500 23500 38000 36000 25500 17000 16500 24500 28000 21000 15000 14250 21500 26500 18000 13500 12800 49000 29000 27500 24500 38000 36000 21000 17000 17000 24500 28500 18000 14000 15000 21500 28000 18000 13500 12500 50000 29500 26500 25000 48500 37000 21000 17000 17250 26000 28500 17000 14000 15250 22000 26750 15500 13500 12600 52500 30000 28000 30000 55000 38000 22500 18000 19000 41000 28500 17000 15500 15000 26500 26500 14500 13750 12600 52500 32500 27500 32500 50000 38000 22500 17500 24000 36000 28500 17250 15000 17500 26000 23500 14500 13750 12900 52500 30000 31500 34000 50000 38000 22000 22000 24500 35500 29500 18500 18500 18000 27000 23250 14000 14000 14500 47500 37542 27417 25667 42000 34896 26771 17085 18292 28800 26271 21917 15750 15067 22900 22833 18479 13771 12958
14500 14500
Source: ISL Shipping Statistics and Market Review
(12 months T/C - USD/day)