Chevron takes two

A leading US oil major appears to have hired a pair of suezmax tankers to transport crude from Russia to the Far East.
Observers claim the rates are in line with the current market average.

Observers claim the rates are in line with the current market average.

In a report published this afternoon Lone Star RS Platou identified Chevron as the charterer of the 160,200-dwt White Moon (built 2012) and 158,300-dwt Mare Doricum (built 2009).

The firm claims the former, which is owned by Zodiac Maritime Agencies of the UK, commanded $3.6m for a voyage from Russia to South Korea.

The latter, which is controlled by Italian operator Fratelli d’Amico Armatori, fetched roughly $0.1m less for a trip that will begin in the same location but end in China.

The cargoes were identified as CPC Blend, which Chevron describes as a light crude oil that was introduced to the market by the Caspian Pipeline Consortium, the operator of a 1,600-km pipeline that links oilfields in Western Kazakhstan to an export terminal in the Black Sea.

According to Lone Star RS Platou, which is headquartered in Houston, voyages involving both the White Moon and Mare Doricum are scheduled to commence later this month.

While some charterers opt to hire aframaxes when shipping CPC crude one of the firm’s East Coast rivals tells TradeWinds that suezmaxes have been a more popular choice as of late.

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