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Double-Hull Tanker Legislation An Assessment of the Oil Pollution Act of 1990 (1998) / Chapter Skim
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Appendix H
Pages 182-184

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From page 182...
... A significant degree of seasonal variation is evident from the data presented in Table H-1. The seasonal index of oceanborne crude oil movements from the Arabian Gulf for the 1990 to 1995 period shows a seasonal high of 102.38 in December and a low of 97.05 in April that is, a spread of 5.3 percent.
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From page 183...
... Despite the fact that such tankers are smaller and operate in totally different trades from the VLCCs, Suezmax tankers, and Aframax tankers discussed earlier, the impact of the seasonal pattern on freight rates is very strong. TABLE H-2 Quarterly Indices of Seasonal Variations in Freight Rates of VLCCs Trading from Rotterdam, 1970-1995 Maximum Spread between Number Quarter Average High and Period of Years I II III IV for Year Low Indices 1970-1995 26 82.99 85.28 116.06 115.67 100.00 33.07 1970-1989 20 72.05 82.64 121.19 124.12 100.00 52.07 1990-1995 6 90.81 72.67 119.67 116.85 100.00 47.00
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From page 184...
... 184 DOUBLE-HULL TANKER LEGISLATION TABLE H-3 Quarterly Indices of Seasonal Variations in Freight Rates of Suezmax Tankers Trading from the Arabian Gulf to Rotterdam, 1976-1995 Maximum Spread between Number Quarter Average High and Period of Years I IIIII IV for Year Low Indices 1976-1994 19 92.54 96.07 103.81 107.58 100.00 15.04 1976-1989 14 77.02 95.70 109.35 117.93 100.00 40.91 1992-1994 3 103.26 91.71 95.11 109.92 100.00 18.21 TABLE H-4 Quarterly Indices of Seasonal Variations in Freight Rates of Aframax Tankers Trading from North Africa to Rotterdam, 1976-1995 Maximum Spread between Number Quarter Average High and Period of Years I II III IV for Year Low Indices 1976-1995 20 95.63 94.86 94.93 114.59 100.00 19.73 1976-1989 14 85.98 91.05 98.18 124.79 100.00 38.81 1992-1995 4 98.46 99.23 94.24 108.07 100.00 13.83 TABLE H-5 Quarterly Indices of Seasonal Variations in Freight Rates of Product Tankers Trading from the Caribbean to the U.S. East Coast, 1976-1995 Maximum Spread between Number Quarter Average High and Period of Years I II III IV for Year Low Indices 1976-1995 20 113.27 84.72 86.60 115.60 100.00 30.88 1976-1989 14 108.08 84.84 90.37 116.71 100.00 31.87 1992-1995 4 118.18 95.13 87.08 99.62 100.00 31.10
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Key Terms

  • crude oil
  • arabian gulf
  • seasonal variations
  • oil exports
  • quarterly indices

  • seasonal variation
  • tankers trading
  • suezmax tankers
  • aframax tankers
  • oceanborne crude

  • seasonal pattern
  • product tankers
  • crude carriers
  • considerable amplitude
  • tankers discussed

  • seasonal index
  • pronounced seasonal
  • variation indices
  • vlccs trading
  • oil movements

  • discussed earlier
  • tanker demand
  • oil shipments
  • maximum spread
  • low indices

  • east coast
  • average seasonal
  • seasonal indices
  • seasonal impact
  • tanker supply


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