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Resource Page > Argus Freight

Argus Freight includes independent prices and market commentary on the international shipping spot market for crude, petroleum products, LPG, petroleum coke and coal on a daily basis.

Argus Freight contains assessments of the prevailing Worldscale spot rates for dirty and clean tankers on generic routes as well as US dollars per tonne costs. Market commentary is provided for the main routes. The key benchmark Mideast Gulf to East VLCC has double and single hull crude route rates.

The freight rate table for dirty and clean tankers shows the daily Worldscale spot rate, change from the previous FreightGraphbusiness day and the US dollar per tonne rate for specific types of vessel on an inter-regional basis.

The report includes charts showing historical trends for shipping rates and arbitrage possibilities.

The graph on the right shows the cost of shipping crude from one part of northern Europe to another and the differential between Statfjord and North Sea dated crude oil prices. The comparison indicates the theoretical profitability of shipping North Sea crude.

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Definitions

  • Dirty refers to shipping that is chartered for the shipment of crude, fuel oil and vacuum gasoil

  • Clean refers to shipping that is chartered for the shipment of gasoline, naphtha and middle distillates

  • fob is the abbreviation for “free on board”. This term refers to the seller paying for transport costs of goods to the point of shipment and loading. The buyer is responsible for freighting, insuring, unloading and transferring costs of the goods to the chosen destination.

  • cif is the abbreviation for “cost insurance and freight”. The seller secures and pays freight and insurance costs to bring the goods to the port of destination for the buyer.

Methodology
All Argus freight assessments are compiled using rigorous and transparent methodological guidelines, which are developed in close consultation with the industry and relevant market sector. Read the freight methodology.

For more information about Argus methodology or market coverage please contact us at info@argusmedia.com


Related coverage:

Argus Crude includes daily spot market assessments for over 80 different internationally traded crudes with commentary and details of deals done.

Argus US Products covers the US domestic market for petroleum products. It includes price analysis for the US east, west and Gulf coasts.

Argus European Products delivers daily spot market assessments for clean and dirty petroleum products, with commentary and details of deals done in northwest Europe and the Mediterranean.

Argus Asia-Pacific Products includes daily spot price assessments and market commentary for petroleum products covering Singapore, Japan, the Middle East and the US west coast.

Argus Coal Daily International features index-quality assessments with daily and monthly coal pricing from international markets outside the US. This report includes market commentary and is illustrated with easy-to-read tables and graphs.

Argus LPG World is a fortnightly round-up of news and commentary on LPG trading, industry developments, company news, shipping and prices for international butane, naphtha and propane.

Energy Argus Petroleum Coke is a monthly report on prices, commentary and global news for fuel grade petroleum coke. Includes up to date information on coker capacities and construction. It features petroleum coke and coal pricing indices, coker information, and global consumption data.