Page 67 - Annual Review 2020

5.2 Tanker Freight Rates and Timecharter Rates
Annual Review 2020
1 YEAR TIME CHARTER US$ PER DAY
Start 37k DWT 74k DWT 110k DWT 150k DWT Products Products Aframax Suezmax
VOYAGE CHARTER WORLD SCALE
310k DWT VLCC
310k DWT UKC- USAC
Aframax Cross- Med.
Suezmax VLCC W. Africa- Gulf Med. East
1993 10160 13009 13756 167 95 46
1994 11288 14288 12567 215 98 44
1995 11577 16856 18913 225 104 59
1996 12231 17163 21072 223 113 65
1997 12596 17784 23154 210 115 76
1998 11198 15943 23297 172 94 67
1999 9918 13111 18154 177 90 51
2000 12771 18021 20260 28712 43650 258 195 115
2001 15784 22798 25019 33115 40490 279 161 66
2002 11413 16481 17413 19120 25824 188 122 52
2003 14201 18615 20933 27308 34260 266 188 99
2004 17368 24557 30330 40745 55557 320 226 150
2005 23673 31904 35087 43288 58529 341 196 159 105
2006 24683 31096 33135 43192 58308 296 167 151 98
2007 23269 29317 33144 44452 55548 272 146 119 89
2008 21952 29221 35793 47192 73413 273 206 182 134
2009 13702 19375 20077 30577 39577 105 80 66 42
2010 11528 16604 18731 28377 37962 166 116 100 71
2011 12221 14745 15457 19587 24947 169 99 81 53
2012 12317 12995 13639 17356 22125 135 87 70 47
2013 13063 14981 13288 16014 19837 126 79 61 41
2014 13774 15880 17538 22712 28115 124 104 76 47
2015 15880 23567 26712 35875 49433 140 108 83 63
2016 13998 18116 21488 27302 36585 105 98 75 59
2017 11430 13077 15490 18495 27084 140 107 78 58
2018 11572 12962 14925 17486 22899 133 116 77 56
2019* 13000 15691 20535 23785 31802 127 93 66 50
* Year to end of monthly series.
Timecharter rates are estimated owners’ rates. Source: Clarkson Research Services - Autumn 2019
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