Medium-Range (MR)

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Results Time-Charter-Rates

Month	Size	Hull	Age	1-Year Time-Charter $/ Rate estimates
04/2013	MR 47 DWT	D/H	modern	13.800
	MR 35 DWT	D/H	modern	12.750
03/2013	MR 47 DWT	D/H	modern	13.625
	MR 35 DWT	D/H	modern	12.563
02/2013	MR 47 DWT	D/H	modern	13.688
	MR 35 DWT	D/H	modern	12.500
01/2013	MR 47 DWT	D/H	modern	13.300
	MR 35 DWT	D/H	modern	12.550
12/2012	MR 47 DWT	D/H	modern	13.250
	MR 35 DWT	D/H	modern	12.750
11/2012	MR 47 DWT	D/H	modern	12.850
	MR 35 DWT	D/H	modern	12.550
10/2012	MR 47 DWT	D/H	modern	12.250
	MR 35 DWT	D/H	modern	12.313
09/2012	MR 47 DWT	D/H	modern	12.188
	MR 35 DWT	D/H	modern	12.250
08/2012	MR 47 DWT	D/H	modern	12.500
	MR 35 DWT	D/H	modern	12.251
07/2012	MR 47 DWT	D/H	modern	13.200
	MR 35 DWT	D/H	modern	12.250
06/2012	MR 47 DWT	D/H	modern	13.500
	MR 35 DWT	D/H	modern	12.251
05/2012	MR 47 DWT	D/H	modern	13.300
	MR 35 DWT	D/H	modern	12.250
04/2012	MR 47 DWT	D/H	modern	16.875
	MR 35 DWT	D/H	modern	15.250
D/H = double hull S/H = single hull

Month	Size	Average TCE $
04/2013	MR West CPP	11.155
	MR East CPP	12.702
03/2013	MR West CPP	14.499
	MR East CPP	14.594
02/2013	MR West CPP	16.713
	MR East CPP	9.158
01/2013	MR West CPP	16.747
	MR East CPP	10.784
12/2012	MR West CPP	15.610
	MR East CPP	13.644
11/2012	MR West CPP	12.729
	MR East CPP	13.513
10/2012	MR West CPP	10.080
	MR East CPP	10.640
09/2012	MR West CPP	9.394
	MR East CPP	7.643
08/2012	MR West CPP	6.924
	MR East CPP	6.026
07/2012	MR West CPP	7.139
	MR East CPP	8.883
06/2012	MR West CPP	9.365
	MR East CPP	7.637
05/2012	MR West CPP	9.864
	MR East CPP	6.654
04/2012	MR West CPP	9.912
	MR East CPP	6.403
TCE = Time Charter Equivalent CPP = Clean Petroleum Products DPP = Dirty Petroleum Products Source: ACM Shipping, London

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