Page 79 - Annual Review 2021 full
P. 79
Annual Review 2021
5.3 Tanker Time Charter Rates
1 Year Time Charter, $/day
VLCC Suezmax Aframax MR Handy
Average 310k Scrubber
dwt Fitted Eco 150k dwt Eco 110k dwt Eco 47k dwt Eco 37k dwt Eco
2001 40490 33115 25019 18870 12500
2002 25824 19120 17413 13325 13053
2003 34260 27308 20933 14720 14201
2004 55557 40745 30330 18994 17368
2005 58529 43288 35087 26029 23673
2006 58308 43192 33135 27000 24683
2007 55548 44452 33144 25904 23269
2008 73413 47192 35793 23481 21952
2009 39577 30577 20077 15231 13702
2010 37962 28377 18731 13160 11528
2011 24947 19587 15457 13668 12221
2012 22125 17356 13639 13514 12317
2013 19837 16014 13288 14351 13063
2014 28115 22712 17538 14630 16530 13774
2015 48433 35875 26712 17769 18947 15880
2016 36585 27302 21488 15092 15590 13998
2017 27084 18495 15490 13219 13849 11430
2018 22899 26891 17486 19956 14925 6597 13120 14565 11572 12331
2019 36358 41072 26649 29221 22091 24007 14683 16418 13425 14139
2020 39788 44000 44036 27899 31053 22329 24541 14440 15700 12995 13923
2021* 23875 27375 26528 16486 19500 15125 6569 12292 14083 11000 12000
Feb-20 35000 43000 42500 30750 32750 22000 26750 15563 16906 13750 14500
Mar-20 45000 52250 50875 35188 37625 24188 28125 15813 17000 13750 14500
Apr-20 69375 74375 74375 43500 51875 31250 33625 15844 16625 14000 14750
May-20 56100 59100 58000 39000 41600 30050 32050 16925 17875 15250 16300
Jun-20 42375 44875 45625 26000 29125 22000 24000 14375 15375 13500 14500
Jul-20 37200 39700 42000 24100 27600 20050 22300 13150 14050 12450 13450
Aug-20 36000 38500 40000 23000 26500 19750 21500 13500 14563 12250 13250
Sep-20 30938 33438 34688 23000 26500 19000 20500 14000 15250 12250 13250
Oct-20 25900 28400 28550 19050 20600 17500 18600 13550 15000 11450 12450
Nov-20 23750 26250 26531 18563 20063 16344 17344 11719 13406 11063 12063
Dec-20 25000 27750 27438 16875 19500 15875 16875 11625 13125 11000 12000
Jan-21 24325 27825 26700 16475 19500 15625 16625 12225 13950 11000 12000
Feb-21 23313 26813 26313 16500 19500 14500 16500 12375 14250 11000 12000
Time Charter rates are based on owners rates from January 2009 to end 2015
*Year to end of monthly series
Source: Clarkson Research Services - March 2021
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