6 months Dirty Aframax UKC/UKC - 80,000. facts. and you may need to create a new Wiley Online Library account. Please do not hesitate to contact me. Update, Insights into the world's most important technology markets, Advertising & Media Outlook Daily rates for the first quarter averaged $19,307 for its MR tankers. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook The British energy giant has managed to charter the oil tanker at the lowest rate of 2020 till now, added the source. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Angola's oil production in barrels daily 1998-2019, Distribution of global oil production 2010-2019. Learn more. As such, the firm increased its dividend by 75%, to $0.70 per share. Please authenticate by going to "My account" → "Administration". Don’t bet on the rout enduring. Then you will be able to mark statistics as favourites and use personal statistics alerts. Any queries (other than missing content) should be directed to the corresponding author for the article. If global oil consumption is down in 2020, there will be less need to move oil around the world, which will crush day rates and profitability. Profit from additional features by authenticating your Admin account. in International Shipping News 15/11/2019. This represents a forward annualized dividend yield of around 31%. There have been at least two significant spikes in spot tanker freight rates so far this year and the year-todate average daily earnings of VLCC owners on the benchmark Persian Gulf-China route are close to $60,000, according to Masood Baig, a director … Oil tanker rates keep surging amid one of 'greatest quarters in history' Mar. New, Figures and insights about the advertising and media world, Industry Outlook If you do not receive an email within 10 minutes, your email address may not be registered, Argus Media. If these rates can be sustained for a couple more months, 2Q 2020 could turn out to be one of the most profitable quarters in history for tanker owners. (April 21, 2020). 30, 2020 9:25 AM ET Euronav NV (EURN) By: Carl Surran , SA News Editor 231 Comments But the sudden and unsustainable demand for crude tankers … All the latest news on the tanker sector, crude, product and chemical tankers, LNG and LPG carriers, freight rates and fleet developments. Nevertheless, tanker rates will continue to run counter to intuition, as the cycle will play in reverse once a recovery in oil demand follows an eventual easing of coronavirus-induced travel restrictions, Hammer said. Directly accessible data for 170 industries from 50 countries Last year tanker rates surged 90% in October to more than $100,000 per day after the U.S. sanctioned Chinese shipper COSCO for moving crude oil out of Iran, only to drop in … Tanker Worldscale Rate. Use the link below to share a full-text version of this article with your friends and colleagues. ", Argus Media, Number of crude oil tankers worldwide as of April 2020 by type Statista, https://www.statista.com/statistics/468405/global-oil-tanker-fleet-by-type/ (last visited January 23, 2021), Number of crude oil tankers worldwide as of April 2020 by type, Global oil refinery capacity by region 2017-2040, Main oil producing countries in Africa 2019, Proved crude oil reserves in Africa 2010-2020, Proved crude oil reserves in Africa by main countries 2010-2020, Proved crude oil reserves in Angola 2010-2020, Proved natural gas reserves in Angola 2015-2019, Monthly oil production in Angola 2019-2020, Production of natural gas in Angola 2015-2019, Natural gas production in Angola 2009-2019, Oil refining capacity in Angola 2013-2019, Volume of crude oil refined in Angola 2013-2019, Projected oil refining capacity in Angola, by refinery 2025, Use rate of installed oil refining capacity in Angola 2013-2019, Consumption of refined oil in Angola, by product 2019, Retail prices for fuel in Angola 2020, by type, Main operators of gas stations in Angola 2020, Export volume of crude oil in Angola 2019-2020, Export value of crude oil in Angola 2019-2020, Main destinations of oil crude exports from Angola 2020, Value of crude oil exports from Angola 2020, by main destinations, Export volume of refined oil in Angola 2019-2020, Import volume of refined petroleum products in Angola 2014-2019, Export value of refined oil in Angola 2019-2020, Import value of fuel into Angola 2012-2020, Crude oil production in Angola, by operator 2018, Distribution of crude oil production in Angola, by operator 2018, Total E&P crude oil and natural gas liquids production in Angola 2015-2019, Crude oil and natural gas liquids production of Chevron in Angola 2015-2019, ExxonMobil production of crude oil and natural gas liquids in Angola 2015-2019, Volume of crude oil produced by Sonangol in Angola 2016-2019, Number of tanker ships - OPEC countries 2012-2016, Economic benefits of the Trans Mountain pipeline expansion project 2017, Global number of oil ports by country 2018, Distribution of oil tanker spill causes worldwide 1970-2019, Oil spill volume to number of oil tanker spill incidents ratio worldwide 1970-2019, Tanker fleets of OPEC countries 2012-2016, Total OPEC tanker fleet deadweight tonnage 2009-2016, OPEC share of total global tanker fleet deadweight tonnage 2009-2016, U.S. domestic crude oil refinery receipts by tank railcar 2008-2019, U.S. domestic crude oil refinery receipts by truck 2008-2016, Crude oil stock in offshore fields in the United Kingdom (UK) 2011-2018, Causes of major oil tanker disasters by size 1970-2019, U.S. domestic crude oil refinery receipts by transportation mode 2019, Machine learning maturity in companies 2020, IT services worldwide spending forecast 2015-2020, Smart home video doorbell market size 2018 and 2023, Gross value added from dung in Bihar India FY 2012-2018, Gross value added from grass in Tripura India FY 2012-2018, Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. Tanker rates from the Arabian Gulf to Japan, one of the key global tanker routes, rose in mid-March and remained high through mid-May. "Number of Crude Oil Tankers Worldwide as of April 2020 by Type. Please log in to access our additional functions, *Duration: 12 months, billed annually, single license, The ideal entry-level account for individual users. and over 1 Mio. New tanker charter contracts at extremely high rates confirm that a large wave of Saudi oil is definitely en route. More; Global Directory. According to the US Energy Information Administration (EIA), US crude oil production will decline from 12.2m barrels per day (bpd) in 2019 to 11.7m bpd … Number of crude oil tankers worldwide as of April 2020 by type [Graph]. 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