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OPEC Annual Statistical Bulletin 2004 Transportation Table
Spot tanker freight rates for all sizes, 1995–2004
Gulf/West Gulf/East Caribbean/USAC all routes
% of equivalent % of equivalent % of equivalent % of equivalent
Worldscale $/t Worldscale $/t Worldscale $/t Worldscale $/t
1995 47 7.97 62 6.46 139 5.91 83 5.99
1996 53 10.59 66 7.52 146 7.35 93 7.86
1997 58 10.87 74 8.43 156 8.06 98 9.04
1998 57 10.35 70 7.70 117 5.59 86 7.72
1999 49 8.57 56 5.81 113 4.62 78 8.48
2000 86 15.00 112 12.05 217 9.83 146 15.46
2001 67 11.69 85 9.16 170 7.68 116 12.56
2002 40 7.99 60 7.25 125 6.10 85 10.48
2003 82 17.60 102 13.38 182 9.61 128 16.46
2004 116 21.88 155 22.35 245 24.99 175 31.09
2002 Jan 39 7.80 58 7.07 115 5.61 80 9.89
Feb 42 8.40 60 7.31 107 5.22 77 9.52
Mar 34 6.80 48 5.85 106 5.17 75 9.27
Apr 31 6.20 46 5.61 125 6.10 78 9.64
May 39 7.80 42 5.12 130 6.34 74 9.15
Jun 38 7.60 65 7.92 132 6.44 84 10.38
Jul 35 7.00 52 6.34 129 6.30 80 9.89
Aug 33 6.60 61 7.44 109 5.32 80 9.89
Sep 31 6.20 48 5.85 104 5.08 71 8.78
Oct 40 8.00 50 6.10 114 5.56 80 9.89
Nov 57 11.41 77 9.39 170 8.30 111 13.72
Dec 60 12.01 107 13.04 158 7.71 127 15.70
2003 Jan 97 20.92 128 16.82 148 7.80 146 18.72
Feb 105 22.65 134 17.61 225 11.86 167 21.41
Mar 95 20.49 118 15.51 293 15.44 179 22.95
Apr 117 25.24 146 19.18 204 10.75 150 19.23
May 78 16.82 87 11.43 171 9.01 118 15.13
Jun 80 17.26 93 12.22 191 10.07 125 16.03
Jul 56 12.08 75 9.86 131 6.90 97 12.44
Aug 47 10.14 57 7.49 129 6.80 81 10.38
Sep 55 11.86 66 8.67 133 7.01 81 10.38
Oct 77 16.61 101 13.27 159 8.38 113 14.49
Nov 55 11.86 76 9.99 173 9.12 118 15.13
Dec 117 25.24 141 18.53 231 12.17 166 21.28
2004 Jan 111 24.39 145 25.61 347 28.42 194 38.13
Feb 116 27.59 151 27.92 278 34.61 193 43.39
Mar 97 20.87 136 22.14 222 35.99 146 35.18
Apr 96 25.44 117 23.57 174 19.64 140 28.27
May 80 14.13 98 11.76 155 14.67 116 18.43
Jun 91 16.49 123 15.78 198 20.93 137 23.05
Jul 105 13.32 132 13.66 202 14.64 149 19.46
Aug 117 12.45 146 11.48 199 14.21 155 16.90
Sep 95 11.83 117 10.65 180 13.25 132 14.39
Oct 106 18.49 138 19.23 290 25.51 187 28.44
Nov 157 19.56 236 24.75 341 32.64 260 41.30
Dec 219 58.03 317 61.67 355 45.38 296 66.14
Note: The above rates are calculated from all spot fixtures reported during the month for each route.
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