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サプライチェーンの観点から見た 石油タンカー輸送について

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サプライチェーンの観点から見た 石油タンカー輸送について. 流通情報工学専攻 香月 裕樹 鶴田 三郎 黒川 久幸. 石油輸送の重要性. 1次エネルギーの種類. 1997年. 研究の目的. 石油サプライチェーンモデルを構築. 効率的な運航を考える際の意思決定支援. 石油企業の行動を考慮. 航路水深などの石油輸送の現状を考慮. 検討を行う際の考慮事項. <石油企業の行動>. 石油企業の行動をサプライチェーンとして捕らえる. 世界全体として捕らえる. 原油・製品価格の変動を考慮. <船会社の行動>. モデルの全体像. <石油サプライチェーンモデル>. - PowerPoint PPT Presentation

Citation preview

  • 19971

    Graph2

    52.617.711.616.51.6

    39.524.626.681.6

    36.11834.311.30.2

    40.125.520.912.90.5

    37.65.412.841.82.4

    ()

    ()

    Sheet1

    52.639.536.140.137.6

    17.724.61825.55.4

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    Sheet1

    00000

    00000

    00000

    00000

    00000

    ()

    ()

    Sheet2

    Sheet3

  • Graph1

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    KL

    KL

    = 1.6647x + 23.217R2 = 0.8019

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    23

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    KL

    KL

    y = 1.6647x + 23.217R2 = 0.8019

    y = 1.396x + 16.392R2 = 0.8914

    y = 1.3448x + 16.6R2 = 0.856

    0000

    0000

    0000

    0000

    0000

    0000

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    0000

    0000

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  • (5910.AXLDUR30MURARLDUROMATPSWTIANSSLC(16

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    Sheet2

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    Sheet1

    APIAPI

    MUR37SLC34

    AXL50DUR26LQE

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    ARL34BCF30NC4

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    ARH27REF

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    Sheet1

    APIAPI

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  • IC OPOROSPT

  • Graph1

    2520

    2520

    2548

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    2884

    2912

    2940

    2940

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    2688

    130

    308

    $KL

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    Ras Tanura109360338557715107633728326556

    Ras Lanuf011344

    Cape Lopez5446372410560994611126805011345

    Ardjuna42041134428232209338903608

    MAX70000DWT(h)VLCC1280000DWT(h)

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    16.180

    (70000DWT)

    Los AngelesHoustonRas TanuraRotterdamShanghaiKaohsiuugUlsanSingaporeYokohama

    Salina Cruz0.00.00.00.07.17.56.77.010.1

    Ras Tanura0.06.40.019.511.613.110.622.510.5

    Ras Lanuf0.00.00.00.00.00.00.06.10.0

    Cape Lopez0.012.30.017.66.56.96.28.46.1

    Ardjuna0.00.015.76.10.00.00.00.018.1

    (280000DWT)

    Los AngelesHoustonRas TanuraRotterdamShanghaiKaohsiuugUlsanSingaporeYokohama

    Salina Cruz0.00.00.00.06.56.96.26.59.4

    Ras Tanura0.06.10.016.910.411.59.618.19.8

    Ras Lanuf0.00.00.00.00.00.00.05.70.0

    Cape Lopez0.010.90.015.06.06.35.77.65.8

    Ardjuna0.00.013.45.70.00.00.00.015.3

    (305000DWT)

    Los AngelesHoustonRas TanuraRotterdamShanghaiKaohsiuugUlsanSingaporeYokohama

    Salina Cruz0.00.00.00.06.56.96.26.49.3

    Ras Tanura0.06.00.016.710.211.39.517.79.8

    Ras Lanuf0.00.00.00.00.00.00.05.60.0

    Cape Lopez0.010.80.014.76.06.35.77.55.8

    Ardjuna0.00.013.25.60.00.00.00.015.0

    1997

    AXL0.00.00.00.00.00.00.00.07877.6

    MUR0.00.00.012896.10.00.00.00.00.0

    ARL0.039713.115298.40.00.00.00.00.00.0

    IRH0.00.00.023387.70.00.00.00.00.0

    ARH0.00.00.05779.10.00.00.00.00.0

    OMA0.00.00.00.07966.90.00.05309.7584.6

    DUR0.00.00.010879.71874.10.00.00.0440.5

    DUB0.00.00.024601.50.00.00.00.00.0

    EUH0.00.00.030512.50.00.00.00.00.0

    WTI0.028794.60.00.00.00.00.00.00.0

    BCF0.012521.20.00.00.03304.012280.00.00.0

    ANS0.010946.20.00.00.00.00.00.00.0

    MAY17474.14640.30.00.00.00.00.00.010650.6

    ARU0.00.08107.30.00.00.00.00.00.0

    TPS0.00.00.00.05833.30.00.00.00.0

    SLC0.00.00.00.00.00.00.025113.60.0

    (70000DWT)

    Los AngelesHoustonRas TanuraRotterdamShanghaiKaohsiuugUlsanSingaporeYokohama

    Salina Cruz00000632620151

    Ras Tanura088703090000108

    Ras Lanuf000000000

    Cape Lopez00089217009125

    Ardjuna0074000000

    (280000DWT)

    Los AngelesHoustonRas TanuraRotterdamShanghaiKaohsiuugUlsanSingaporeYokohama

    Salina Cruz000001871041

    Ras Tanura0233089000029

    Ras Lanuf000000000

    Cape Lopez000265900257

    Ardjuna0022000000

    (305000DWT)

    Los AngelesHoustonRas TanuraRotterdamShanghaiKaohsiuugUlsanSingaporeYokohama

    Salina Cruz000001665038

    Ras Tanura0218083000027

    Ras Lanuf000000000

    Cape Lopez000255400246

    Ardjuna0021000000

    7DWT

    00022751057

    6209021630756

    00000

    006232156175

    0518000

    total15932

    28DWT

    00024921148-3.2202.163.539.0

    65240249208121206.5-2418.52282.02287.2

    00000664.66.3-52.77.0

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    061600097.31.31.3-133.8

    total17360total11020

    30.5DWT

    00024711159--0.0%-1.8%22.0%10.1%

    664902532082448.3%-0.7%-20.7%-13.4%

    00000-6.0%-0.1%--0.5%-0.1%

    007632379183-10.4%-0.2%-18.0%1.6%

    0641000-0.9%5.6%-0.0%--1.2%

    total17599total-57.5%

    -2-1012345810

    -2-1012345130308

    0000000001428

    2520252024922492184818481708170816801036

    00565610361064123212321288224

    0000000000

    2520252025482548288429122940294029682688

    9.9%

    2800.252

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    130

    308

    $KL

    000

    000

    000

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    000

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  • Graph2

    252000

    252000

    2492560

    2492560

    184810360

    184810640

    170812320

    170812320

    168012880

    10362241428

    $KL

    Los AngelesHoustonRas TanuraRotterdamShanghaiKaohsiuugUlsanSingaporeYokohama

    Salina Cruz26592187968890741025497796792

    Ras Tanura109360338557715107633728326556

    Ras Lanuf011344

    Cape Lopez5446372410560994611126805011345

    Ardjuna42041134428232209338903608

    MAX70000DWT(h)VLCC1280000DWT(h)

    -23.426.034.721.8-93.4104.0139.087.4

    23.4-22.531.218.393.4-90.1125.073.4

    26.022.5-33.921.0104.090.1-135.684.0

    30.026.529.137.824.9119.8105.8116.5151.499.8

    34.731.233.9-29.7139.0125.0135.6-118.9

    VLCC2305000DWT)(h)

    -101.8113.3151.495.2

    101.8-98.1136.179.9

    113.398.1-147.791.5

    130.5115.3126.9164.9108.7

    151.4136.1147.7-129.5

    16.180

    (70000DWT)

    Los AngelesHoustonRas TanuraRotterdamShanghaiKaohsiuugUlsanSingaporeYokohama

    Salina Cruz0.00.00.00.07.17.56.77.010.1

    Ras Tanura0.06.40.019.511.613.110.622.510.5

    Ras Lanuf0.00.00.00.00.00.00.06.10.0

    Cape Lopez0.012.30.017.66.56.96.28.46.1

    Ardjuna0.00.015.76.10.00.00.00.018.1

    (280000DWT)

    Los AngelesHoustonRas TanuraRotterdamShanghaiKaohsiuugUlsanSingaporeYokohama

    Salina Cruz0.00.00.00.06.56.96.26.59.4

    Ras Tanura0.06.10.016.910.411.59.618.19.8

    Ras Lanuf0.00.00.00.00.00.00.05.70.0

    Cape Lopez0.010.90.015.06.06.35.77.65.8

    Ardjuna0.00.013.45.70.00.00.00.015.3

    (305000DWT)

    Los AngelesHoustonRas TanuraRotterdamShanghaiKaohsiuugUlsanSingaporeYokohama

    Salina Cruz0.00.00.00.06.56.96.26.49.3

    Ras Tanura0.06.00.016.710.211.39.517.79.8

    Ras Lanuf0.00.00.00.00.00.00.05.60.0

    Cape Lopez0.010.80.014.76.06.35.77.55.8

    Ardjuna0.00.013.25.60.00.00.00.015.0

    1997

    AXL0.00.00.00.00.00.00.00.07877.6

    MUR0.00.00.012896.10.00.00.00.00.0

    ARL0.039713.115298.40.00.00.00.00.00.0

    IRH0.00.00.023387.70.00.00.00.00.0

    ARH0.00.00.05779.10.00.00.00.00.0

    OMA0.00.00.00.07966.90.00.05309.7584.6

    DUR0.00.00.010879.71874.10.00.00.0440.5

    DUB0.00.00.024601.50.00.00.00.00.0

    EUH0.00.00.030512.50.00.00.00.00.0

    WTI0.028794.60.00.00.00.00.00.00.0

    BCF0.012521.20.00.00.03304.012280.00.00.0

    ANS0.010946.20.00.00.00.00.00.00.0

    MAY17474.14640.30.00.00.00.00.00.010650.6

    ARU0.00.08107.30.00.00.00.00.00.0

    TPS0.00.00.00.05833.30.00.00.00.0

    SLC0.00.00.00.00.00.00.025113.60.0

    (70000DWT)

    Los AngelesHoustonRas TanuraRotterdamShanghaiKaohsiuugUlsanSingaporeYokohama

    Salina Cruz00000632620151

    Ras Tanura088703090000108

    Ras Lanuf000000000

    Cape Lopez00089217009125

    Ardjuna0074000000

    (280000DWT)

    Los AngelesHoustonRas TanuraRotterdamShanghaiKaohsiuugUlsanSingaporeYokohama

    Salina Cruz000001871041

    Ras Tanura0233089000029

    Ras Lanuf000000000

    Cape Lopez000265900257

    Ardjuna0022000000

    (305000DWT)

    Los AngelesHoustonRas TanuraRotterdamShanghaiKaohsiuugUlsanSingaporeYokohama

    Salina Cruz000001665038

    Ras Tanura0218083000027

    Ras Lanuf000000000

    Cape Lopez000255400246

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    7DWT

    00022751057

    6209021630756

    00000

    006232156175

    0518000

    total15932

    28DWT

    00024921148-3.2202.163.539.0

    65240249208121206.5-2418.52282.02287.2

    00000664.66.3-52.77.0

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    061600097.31.31.3-133.8

    total17360total11020

    30.5DWT

    00024711159--0.0%-1.8%22.0%10.1%

    664902532082448.3%-0.7%-20.7%-13.4%

    00000-6.0%-0.1%--0.5%-0.1%

    007632379183-10.4%-0.2%-18.0%1.6%

    0641000-0.9%5.6%-0.0%--1.2%

    total17599total-57.5%

    -2-1012345810

    -2-1012345130308

    0000000001428

    2520252024922492184818481708170816801036

    00565610361064123212321288224

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    9.9%1783.6

    2800.252

    0

    0

    0

    0

    0

    0

    0

    0

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    0

    0

    0

    130

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    000

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  • Graph1

    228228

    2625.1982071752625.198207175150000

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    1426.41227784641609.7089047797

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    DWT

    Sheet1

    VLCC

    70000100000150000200000250000280000300000305000350000400000450000500000

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    1-1221

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    16587.9

    26689.3

    36790.6

    46890.8

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    Sheet1

    868.532.8

    8710.941.1

    885.943.5

    8912.850.6

    9024.463.0

    9116.065.7

    927.844.3

    9311.345.1

    9410.040.9

    955.753.0

    968.860.4

    9729.267.5

    9816.963.3

    9913.748.1

    Sheet1

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    &A

    Page &P

    Sheet2

    Sheet3

  • Sheet1

    Sheet2

    Sheet3

    Sheet1

    Sheet2

    Sheet3

    Sheet1

    Sheet2

    Sheet3

  • Sheet1

    177.4%7371.5%7958.3%90

    3.93.32.2

    Sheet2

    Sheet3

  • Graph2

    5.04201719.1596623.6974821.67802

    5.06855420.194621.2003522.21141

    5.09509119.2127421.7337521.73375

    4.6200818.2308721.2560821.25608

    4.64661719.7726720.7784219.77267

    4.67580716.7739919.29516.77399

    4.19548919.3215419.8257419.32154

    4.22467918.8465318.3396716.32287

    4.25121617.8620114.8394514.83945

    4.27775317.38714.8659915.37019

    4.80849222.9624116.9119916.40513

    4.83768224.4988917.9469315.93012

    5.87262331.0853619.9902719.99027

    20.5210158.8403426.0672336.65281

    22.0601565.9283532.1441840.21406

    23.5992963.4338838.2237939.2322

    22.6200865.9814239.2587439.25874

    18.61354.9155235.2543131.7249

    26.7067765.5329542.3396750.4069

    46.9040293.2932376.6519277.66298

    50.9615297.8575983.7399483.23574

    54.01592109.98593.8531692.84476

    46.4794397.4064683.2914683.79567

    43.9849690.8810376.2591878.77753

    43.0057582.3387971.7505575.27466

    17.822267.7434858.6651958.16099

    15.8345965.24943.5656846.59089

    11.8275160.7377336.0291941.57541

    12.360961.7726734.5457840.5962

    19.9504670.3706344.1521547.17736

    16.9517970.3998250.2317650.7333

    15.4657267.9053548.2388348.74303

    11.9628566.9234947.7611739.69659

    10.4767864.4263645.7762144.76249

    10.5033255.3825740.2565240.75807

    14.0592748.3502941.7983241.29146

    15.6037244.3432145.3489643.33481

    11.5939834.7899239.8319337.81513

    615.019.223.721.7

    625.120.221.222.2

    635.119.221.721.7

    644.618.221.321.3

    654.619.820.819.8

    664.716.819.316.8

    674.219.319.819.3

    684.218.818.316.3

    694.317.914.814.8

    704.317.414.915.4

    714.823.016.916.4

    724.824.517.915.9

    735.931.120.020.0

    7420.558.826.136.7

    7522.165.932.140.2

    7623.663.438.239.2

    7722.666.039.339.3

    7818.654.935.331.7

    7926.765.542.350.4

    8046.993.376.777.7

    8151.097.983.783.2

    8254.0110.093.992.8

    8346.597.483.383.8

    8444.090.976.378.8

    8543.082.371.875.3

    8617.867.758.758.2

    8715.865.243.646.6

    8811.860.736.041.6

    8912.461.834.540.6

    9020.070.444.247.2

    9117.070.450.250.7

    9215.567.948.248.7

    9312.066.947.839.7

    9410.564.445.844.8

    9510.555.440.340.8

    9614.148.441.841.3

    9715.644.345.343.3

    9811.634.839.837.8

    23

    2.34E+022.02E+02

    000

    000

    000

    000

    000

    000

    000

    000

    000

    000

    000

    000

    000

    000

    000

    000

    000

    000

    000

    000

    000

    000

    000

    000

    000

    000

    000

    000

    000

    000

    000

    000

    000

    000

    000

    000

    000

    000

    KL

    KL

    y = 1.6647x + 23.217R2 = 0.8019

    y = 1.396x + 16.392R2 = 0.8914

    y = 1.3448x + 16.6R2 = 0.856

    0000

    0000

    0000

    0000

    0000

    0000

    0000

    0000

    0000

    0000

    0000

    0000

    0000

    0000

    0000

    0000

    0000

    0000

    0000

    0000

    0000

    0000

    0000

    0000

    0000

    0000

    0000

    0000

    0000

    0000

    0000

    0000

    0000

    0000

    0000

    0000

    0000

    0000

  • Graph3

    17.45283

    37.26415

    60.37736

    71.69811

    72.64151

    75.4717

    77.83019

    74.0566

    72.16981

    73.11321

    73.58491

    71.69811

    69.81132

    64.15094

    62.26415

    59.43396

    60.37736

    57.54717

    54.24528

    54.71698

    56.13208

    56.60377

    56.60377

    55.66038

    54.24528

    56.60377

    54.24528

    55.66038

    54.71698

    54.24528

    %)

    Pixcel Value

    No.Series1_xSeries1_y

    11437

    27079

    3127128

    4186152

    5198154

    6208160

    7219165

    8232157

    9243153

    10255155

    11265156

    12276152

    13289148

    14300136

    15311132

    16322126

    17334128

    18346122

    19357115

    20368116

    21381119

    22390120

    23402120

    24412118

    25427115

    26437120

    27448115

    28460118

    29472116

    30486115

    Converted Value

    No.Series1_xSeries1_y

    1195617.45283

    2196137.26415

    3196660.37736

    4197171.69811

    5197272.64151

    6197375.4717

    7197377.83019

    8197574.0566

    9197672.16981

    10197773.11321

    11197773.58491

    12197871.69811

    13197969.81132

    14198064.15094

    15198162.26415

    16198259.43396

    17198360.37736

    18198457.54717

    19198554.24528

    20198654.71698

    21198756.13208

    22198856.60377

    23198956.60377

    24199055.66038

    25199154.24528

    26199256.60377

    27199354.24528

    28199455.66038

    29199554.71698

    30199654.24528

    Line Length

    1

    1.12E+02

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    %)

  • Graph1

    87.94132

    89.28119

    90.62106

    90.81729

    88.1094

    84.67308

    84.66051

    81.32859

    78.09869

    76.63645

    77.97572

    79.21059

    77.53954

    78.04778

    76.37733

    73.67004

    69.19329

    70.43055

    70.31537

    70.09638

    70.39822

    68.83097

    67.57514

    67.66637

    70.77151

    71.07214

    72.30701

    74.68613

    76.33501

    77.57168

    78.91215

    (%)

    izon

    Pixcel Value

    No.Series1_xSeries1_ySeries2_xSeries2_ySeries3_xSeries3_y

    1-1221

    215234

    331247

    450249

    565223

    683190

    7104190

    8121158

    9141127

    10156113

    11173126

    12191138

    13208122

    14226127

    15242111

    1625685

    1727842

    1829254

    1931153

    2033051

    2134654

    2236339

    2338027

    2440128

    2541658

    2643461

    2745273

    2846696

    29486112

    30501124

    31516137

    Converted Value

    No.Series1_xSeries1_ySeries2_xSeries2_ySeries3_xSeries3_y

    16587.9

    26689.3

    36790.6

    46890.8

    56988.1

    67084.7

    77184.7

    87281.3

    97378.1

    107476.6

    117578.0

    127679.2

    137777.5

    147878.0

    157976.4

    168073.7

    178169.2

    188270.4

    198370.3

    208470.1

    218570.4

    228668.8

    238767.6

    248867.7

    258970.8

    269071.1

    279172.3

    289274.7

    299376.3

    309477.6

    319578.9

    Line Length

    123

    5.92E+01

    izon

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

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    0

    0

    0

    0

    0

    0

    0

    (

  • Graph1

    8082

    7978

    7475

    8176

    7669

    8955

    9731

    817

    670

    67

    97

    Sheet1

    19988082

    19977978

    19967475

    19958176

    19947669

    19908955

    19859731

    1979817

    1973670

    Sheet1

    00

    00

    00

    00

    00

    00

    00

    00

    00

    Sheet2

    Sheet3

  • Graph1

    3397033970

    0.87037041.166667

    0.92592591.240741

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    0.9629631.351852

    1.0925931.462963

    1.1111111.462963

    1.2777781.555556

    1.4814811.685185

    1.4259261.611111

    1.2407411.444444

    1.0370371.259259

    0.83333331.055556

    0.83333330.9814815

    0.92592591.055556

    0.9629631

    0.81481480.8518519

    0.68518520.7222222

    0.66666670.7037037

    0.66666670.7222222

    0.55555560.7037037

    0.59259260.7592593

    0.74074070.8518519

    11.037037

    1.2407411.240741

    1.129631.277778

    1.1111111.203704

    1.0185191.240741

    0.85185191.259259

    0.81481481.092593

    0.83333331.037037

    0.62962961.055556

    0.42592590.8888889

    0.35185190.7037037

    0.22222220.6481481

    -0.018518520.6111111

    -0.14814810.462963

    -0.31481480.2962963

    -0.48148150.09259259

    -0.4444444-0.09259259

    -0.3703704-0.1481481

    -0.3888889-0.09259259

    -0.1481481-0.09259259

    0.35185190.09259259

    0.75925930.537037

    0.9629630.9814815

    1.1851851.166667

    1.4259261.296296

    1.6666671.518519

    1.8888891.666667

    2.0925931.87037

    2.2777782.074074

    2.6666672.277778

    2.9629632.611111

    2.9259262.907407

    2.6666672.87037

    2.4814812.62963

    2.370372.37037

    2.370372.185185

    2.370372.148148

    2.3518522.148148

    2.3333332.222222

    2.3888892.259259

    2.4444442.351852

    2.3148152.481481

    2.1666672.462963

    22.333333

    1.7777782.185185

    1.5185192.074074

    1.3333331.87037

    1.0740741.87037

    0.70370371.740741

    0.38888891.407407

    0.24074071.074074

    0.11111110.7592593

    -0.18518520.537037

    -0.5370370.1666667

    -0.7592593-0.2222222

    3634236342

    $BBL

    aaa

    Pixcel Value

    No.Series1_xSeries1_ySeries2_xSeries2_y

    10101-1117

    281049121

    31510415124

    42210623127

    52811329133

    63611436133

    74412342138

    84913449145

    95613155141

    106212162132

    116811069122

    12759976111

    13829981107

    148910489111

    159610696108

    1610298103100

    171089110893

    181149011492

    191229012293

    201288412992

    211378613695

    2214494142100

    23149108148110

    24155121154121

    25166115162123

    26175114168119

    27182109176121

    28187100182122

    2919298189113

    3020299195110

    3121088202111

    3221777209102

    332227321592

    342296622289

    352355322987

    362454623579

    372493724270

    382542824959

    392623025549

    402683426146

    412743326649

    422844627549

    432917328259

    442969528783

    45302106296107

    46310118301117

    47315131308124

    48322144316136

    49329156322144

    50335167328155

    51341177335166

    52348198341177

    53355214348195

    54362212354211

    55369198361209

    56375188368196

    57381182375182

    58388182382172

    59393182388170

    60401181395170

    61407180401174

    62413183408176

    63421186415181

    64427179421188

    65435171428187

    66442162434180

    67448150441172

    68455136449166

    69462126454155

    70468112461155

    7147592468148

    7248175475130

    7348767482112

    744956048895

    755004449583

    765082550263

    775131350842

    7851429

    Converted Value

    No.Series1_xSeries1_ySeries2_xSeries2_y

    100.8703704-0.050583661.166667Jan-93

    20.40466930.92592590.45525291.240741Feb-930.87037041.166667

    30.75875490.92592590.75875491.296296Mar-930.92592591.240741

    41.112840.9629631.1634241.351852Apr-930.92592591.296296

    51.4163421.0925931.4669261.462963May-930.9629631.351852

    61.8210121.1111111.8210121.462963Jun-931.0925931.462963

    72.2256811.2777782.1245141.555556Jul-931.1111111.462963

    82.4785991.4814812.4785991.685185Aug-931.2777781.555556

    92.8326851.4259262.7821011.611111Sep-931.4814811.685185

    103.1361871.2407413.1361871.444444Oct-931.4259261.611111

    113.4396891.0370373.4902721.259259Nov-931.2407411.444444

    123.7937740.83333333.8443581.055556Dec-931.0370371.259259

    134.147860.83333334.0972760.9814815Jan-940.83333331.055556

    144.5019460.92592594.5019461.055556Feb-940.83333330.9814815

    154.8560310.9629634.8560311Mar-940.92592591.055556

    165.1595330.81481485.2101170.8518519Apr-940.9629631

    175.4630350.68518525.4630350.7222222May-940.81481480.8518519

    185.7665370.66666675.7665370.7037037Jun-940.68518520.7222222

    196.1712060.66666676.1712060.7222222Jul-940.66666670.7037037

    206.4747080.55555566.5252920.7037037Aug-940.66666670.7222222

    216.9299610.59259266.8793770.7592593Sep-940.55555560.7037037

    227.2840470.74074077.1828790.8518519Oct-940.59259260.7592593

    237.53696517.4863811.037037Nov-940.74074070.8518519

    247.8404671.2407417.7898831.240741Dec-9411.037037

    258.3968871.129638.1945531.277778Jan-951.2407411.240741

    268.852141.1111118.4980541.203704Feb-951.129631.277778

    279.2062261.0185198.9027241.240741Mar-951.1111111.203704

    289.4591440.85185199.2062261.259259Apr-951.0185191.240741

    299.7120620.81481489.5603111.092593May-950.85185191.259259

    3010.21790.83333339.8638131.037037Jun-950.81481481.092593

    3110.622570.629629610.21791.055556Jul-950.83333331.037037

    3210.976650.425925910.571980.8888889Aug-950.62962961.055556

    3311.229570.351851910.875490.7037037Sep-950.42592590.8888889

    3411.583660.222222211.229570.6481481Oct-950.35185190.7037037

    3511.88716-0.0185185211.583660.6111111Nov-950.22222220.6481481

    3612.393-0.148148111.887160.462963Dec-95-0.018518520.6111111

    3712.59533-0.314814812.241250.2962963Jan-96-0.14814810.462963

    3812.84825-0.481481512.595330.09259259Feb-96-0.31481480.2962963

    3913.25292-0.444444412.89883-0.09259259Mar-96-0.48148150.09259259

    4013.55642-0.370370413.20233-0.1481481Apr-96-0.4444444-0.09259259

    4113.85992-0.388888913.45525-0.09259259May-96-0.3703704-0.1481481

    4214.36576-0.148148113.91051-0.09259259Jun-96-0.3888889-0.09259259

    4314.719840.351851914.264590.09259259Jul-96-0.1481481-0.09259259

    4414.972760.759259314.517510.537037Aug-960.35185190.09259259

    4515.276260.96296314.972760.9814815Sep-960.75925930.537037

    4615.680931.18518515.225681.166667Oct-960.9629630.9814815

    4715.933851.42592615.579771.296296Nov-961.1851851.166667

    4816.287941.66666715.984441.518519Dec-961.4259261.296296

    4916.642021.88888916.287941.666667Jan-971.6666671.518519

    5016.945532.09259316.591441.87037Feb-971.8888891.666667

    5117.249032.27777816.945532.074074Mar-972.0925931.87037

    5217.603112.66666717.249032.277778Apr-972.2777782.074074

    5317.95722.96296317.603112.611111May-972.6666672.277778

    5418.311282.92592617.906612.907407Jun-972.9629632.611111

    5518.665372.66666718.26072.87037Jul-972.9259262.907407

    5618.968872.48148118.614792.62963Aug-972.6666672.87037

    5719.272372.3703718.968872.37037Sep-972.4814812.62963

    5819.626462.3703719.322962.185185Oct-972.370372.37037

    5919.879382.3703719.626462.148148Nov-972.370372.185185

    6020.284052.35185219.980542.148148Dec-972.370372.148148

    6120.587552.33333320.284052.222222Jan-982.3518522.148148

    6220.891052.38888920.638132.259259Feb-982.3333332.222222

    6321.295722.44444420.992222.351852Mar-982.3888892.259259

    6421.599222.31481521.295722.481481Apr-982.4444442.351852

    6522.003892.16666721.649812.462963May-982.3148152.481481

    6622.35798221.953312.333333Jun-982.1666672.462963

    6722.661481.77777822.307392.185185Jul-9822.333333

    6823.015561.51851922.712062.074074Aug-981.7777782.185185

    6923.369651.33333322.964981.87037Sep-981.5185192.074074

    7023.673151.07407423.319071.87037Oct-981.3333331.87037

    7124.027240.703703723.673151.740741Nov-981.0740741.87037

    7224.330740.388888924.027241.407407Dec-980.70370371.740741

    7324.634240.240740724.381321.074074Jan-990.38888891.407407

    7425.038910.111111124.684820.7592593Feb-990.24074071.074074

    7525.29183-0.185185225.038910.537037Mar-990.11111110.7592593

    7625.6965-0.53703725.3930.1666667Apr-99-0.18518520.537037

    7725.94942-0.759259325.6965-0.2222222May-99-0.5370370.1666667

    Jun-99-0.7592593-0.2222222

    Line LengthJul-99

    12

    2.96E+012.92E+01

    aaa

    00

    00

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    00

    00

    00

    00

    00

    00

    00

    00

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    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    $BBL

  • Graph1

    1

    2

    2

    1

    1976

    1977

    1

    7

    11

    4

    2

    1

    3

    4

    11

    9

    1

    2

    3

    4

    5

    3

    1994

    1995

    1

    1

    2

    Sheet1

    19721

    19732

    19742

    19751

    1976

    1977

    19781

    19797

    198011

    19814

    19822

    19831

    19843

    19854

    198611

    19879

    19881

    19892

    19903

    19914

    19925

    19933

    1994

    1995

    19961

    19971

    19982

    19992

    Sheet1

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

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    0

    0

    Sheet2

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

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    0

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    0

    0

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    0

    0

    0

    0

    0

    Sheet3

  • Graph5

    15.714.315.514.6

    15.351515

    141514

    15.11515.5

    15.315.2

    16.115

    15.715.75

    15.514.3

    15.715.33

    1415.5

    15.214.5

    15.2515

    1514.8

    13.9514.2

    1415

    1415.85

    1113.3

    1414.6

    14.514.38

    1414.5

    14.114

    15.3514

    15.414

    15.514

    15.614.1

    14.414.3

    1413.5

    14.0313.7

    16.214.8

    1315

    1515

    1414

    15.8414

    13.414.6

    1313

    14

    15.01

    14

    15.65

    13.15

    13.8

    16.08

    15.7

    14.8

    13.6

    16.39

    14.6

    14.8

    VLCC

    VLCC

    15

    15

    Sheet1

    1515VLCCVLCC

    No.DWTmm2/3*

    123851748427623014.3368.7828.21974T18033086.952514718.0

    215415925798715.7325.8318.751998D15683061.257464915.7

    315005325999115.4323.2419.151992D14733208.980533314.7

    414953725809452.614.0322.9619.61987D11123361.355362111.1

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    1014766525807975.715.7325.2618.941993D15686789.496729315.7

    1114756825809062.714.0315.3119.241984D11123246.426795111.1

    1214654126430176.115.2314.4819.851992D14463163.687526714.5

    1314652725809573.615.3315.4819.481992D14376811.938722214.4

    1414637625999875.915.0318.119.331989D13748451.37434513.7

    1514566126416460.514.0312.8419.841986D11176479.972582611.2

    1614563525808356.514.0312.8419.481987D11123045.300374211.1

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    1814330426950049.611328.03211984D5553292.749246135.6

    1914316625803459.814.0307.9319.281986D11121637.36450911.1

    201428332578659814.5331.4519.71980D12350909.504001712.4

    2114118123850556.614.0309.0419.511987D10553157.805396410.6

    221402722385006814.1307.6519.671983D10780765.352343510.8

    2313832023999973.915.4314.2618.89D13967909.983103714.0

    2413819725539675.315.4314.2619.851992D14701835.414625414.7

    2513789323850068.815.5315.1519.561989D14321461.838527214.3

    2613750123877069.315.6316.8918.81991D14611460.712903214.6

    2713671123877064.514.4309.9919.131987D11492309.563903911.5

    2813668825026758.314.0309.9919.851986D10897323.21176210.9

    2913668125029858.814.0309.9919.851985D10968433.318810411.0

    3013601125707317516.2327.6519.931972D17188950.230393117.2

    3113589126213865.313327.6820.351986D8998774.686976199.0

    3213554623875972.715.0311.1619.21990D12989136.418497513.0

    3313552523877058.314312.9819.181986D10560973.348602110.6

    34135117258051181.215.84323.4619.621974D16109024.029871816.1

    3513468425867469.213.4327.69201985D9768238.340539.8

    3613455527413764.813327.6521.03D9271325.474088579.3

    3713394023978159.614.0310.0319.481985D10590763.867620510.6

    3813335623935157.515.0315.5719.051986D13036637.039595613.0

    3913286723978361.414308.2519.331986D10590822.758854110.6

    4013067025403617715.65324.9219.741973D15374695.959239715.4

    4112951125976217913.15321.0820.51986D9257513.159940939.3

    4212480123999961.713.8315.5619.95D10149474.278835110.1

    4312394023424012716.08315.5419.531973D15799093.628851515.8

    4412095723757818115.7315.0219.451975D14844643.485922414.8

    4511754223661510314.8309.5619.881980D12401664.970981912.4

    4611659923237865.313.6311.4519.661986D9507800.595579159.5

    4711653523232365.316.39311.4519.651987D16639170.251814416.6

    4810929618037771.3414.6293.2316.51981D9935262.368851949.9

    4910926318020082.414.8293.2316.51979D10342408.101401510.3

    507085311999062.914.6235.3315.991981T7571035.273596167.6

    536551210183857.615.0237.7615.281978T7360042.998678077.4

    58559039500736.914238.1613.121985T5713310.714857535.7

    62550489584348.415.5236.3913.631991T7798936.075623867.8

    51675241047225515.5237.4314.41996D8273457.616304328.3

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    546551110190557.615.0237.7615.281979D7363270.797241567.4

    556550910024454.415.0237.7615.281981D7283040.120523757.3

    56563248499648.715.2233.4312.571999D6788853.272969756.8

    57561518635555.215235.5413.641979D6593744.31960576.6

    59557438128356.815.75227.0512.181980D7331195.886906717.3

    6055178899603314.3236.3912.991987D5870941.373270095.9

    61551238903960.115.33237.3313.371980D7183674.521930277.2

    63549868798360.115.5237.3313.391980D7366495.682982967.4

    64549539582238.114.5236.313.24D6383822.858971186.4

    6554754812835815226.0212.141980D6332962.649309336.3

    66539618992050.314.8239.1813.741980D6506628.508089916.5

    6753773961014114.2237.8413.541993D6007359.712795226.0

    6853404883485815238.2913.071979D6694810.041229536.7

    69517358127861.115.85227.3712.671979D7471419.793478457.5

    70491648128358.613.3232.7512.661979D4414566.592113534.4

    71431086096047.114.6222.3711.621981D4820460.622926344.8

    7242263699983814.4229.9411.781993D5050492.677237355.1

    7342237699993714.5231.3211.641997D5178037.967631295.2

    74418966558138.814224.5811.821980D4462409.931288684.5

    7539890609563014205.0911.911979D4250060.189854174.3

    76393387091433.614219.9413.941991D4701164.294984514.7

    7739285599993114219.9412.241987D4205459.436999744.2

    78392566313338.514.1212.5312.21980D4444555.04533644.4

    7939212599963514.3222.7612.341986D4481495.624093144.5

    8038878623263513.5219.3712.771987D3867652.757779013.9

    8138089609623813.7214.1311.921982D3982916.232360574.0

    82360025399642.814.8218.7711.431980D4631192.912953034.6

    83353756095933.115209.8212.931988D5227559.682914025.2

    8428480419973.415.0175.6311.651998D4077737.727590714.1

    85267583799923.514.0176.2210.711992D3101455.485003743.1

    8625996397992514176.2410.891987D3198641.34865273.2

    87247153565333.214.6167.3111.011982D3371237.01584613.4

    88226023764223.313.0173.4811.471984D2467621.338829412.5

    Sheet2

    Sheet2

    18.7528.214.415.99

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    20.4213.64

    20.4112.18

    19.4212.99

    18.9413.37

    19.2413.39

    19.8513.24

    19.4812.14

    19.3313.74

    19.8413.54

    19.4813.07

    19.5112.67

    2112.66

    19.2811.62

    19.711.78

    19.5111.64

    19.6711.82

    18.8911.91

    19.8513.94

    19.5612.24

    18.812.2

    19.1312.34

    19.8512.77

    19.8511.92

    19.9311.43

    20.3512.93

    19.211.65

    19.1810.71

    19.6210.89

    2011.01

    21.0311.47

    19.48

    19.05

    19.33

    19.74

    20.5

    19.95

    19.53

    19.45

    19.88

    19.66

    19.65

    16.5

    16.5

    VLCC

    VLCC

    15

    15

    m

    Sheet3

    15.714.315.514.6

    15.351515

    141514

    15.11515.5

    15.315.2

    16.115

    15.715.75

    15.514.3

    15.715.33

    1415.5

    15.214.5

    15.2515

    1514.8

    13.9514.2

    1415

    1415.85

    1113.3

    1414.6

    14.514.38

    1414.5

    14.114

    15.3514

    15.414

    15.514

    15.614.1

    14.414.3

    1413.5

    14.0313.7

    16.214.8

    1315

    1515

    1414

    15.8414

    13.414.6

    1313

    14

    15.01

    14

    15.65

    13.15

    13.8

    16.08

    15.7

    14.8

    13.6

    16.39

    14.6

    14.8

    VLCC

    VLCC

    15

    15

    325.83368.78237.43235.33

    323.24249.11237.76

    322.96237.76238.16

    321.2237.76236.39

    321.2233.43

    323.24235.54

    323.24227.05

    321.85236.39

    325.26237.33

    315.31237.33

    314.48236.34

    315.48226.02

    318.06239.18

    312.84237.84

    312.84238.29

    312.84227.37

    328.03232.75

    307.93222.37

    331.45229.94

    309.04231.32

    307.65224.58

    314.26205.09

    314.26219.94

    315.15219.94

    316.89212.53

    309.99222.76

    309.99219.37

    309.99214.13

    327.65218.77

    327.68209.82

    311.16175.63

    312.98176.22

    323.46176.24

    327.69167.31

    327.65173.48

    310.03

    315.57

    308.25

    324.92

    321.08

    315.56

    315.54

    315.02

    309.56

    311.45

    311.45

    293.23

    293.23

    VLCC

    VLCC

    15

    15

    m

    18.7528.214.415.99

    19.1514.9915.28

    19.615.2813.12

    19.5315.2813.63

    19.5512.57

    20.4213.64

    20.4112.18

    19.4212.99

    18.9413.37

    19.2413.39

    19.8513.24

    19.4812.14

    19.3313.74

    19.8413.54

    19.4813.07

    19.5112.67

    2112.66

    19.2811.62

    19.711.78

    19.5111.64

    19.6711.82

    18.8911.91

    19.8513.94

    19.5612.24

    18.812.2

    19.1312.34

    19.8512.77

    19.8511.92

    19.9311.43

    20.3512.93

    19.211.65

    19.1810.71

    19.6210.89

    2011.01

    21.0311.47

    19.48

    19.05

    19.33

    19.74

    20.5

    19.95

    19.53

    19.45

    19.88

    19.66

    19.65

    16.5

    16.5

    VLCC

    VLCC

    15

    15

    m

    m

    325.83368.78237.43235.33

    323.24249.11237.76

    322.96237.76238.16

    321.2237.76236.39

    321.2233.43

    323.24235.54

    323.24227.05

    321.85236.39

    325.26237.33

    315.31237.33

    314.48236.34

    315.48226.02

    318.06239.18

    312.84237.84

    312.84238.29

    312.84227.37

    328.03232.75

    307.93222.37

    331.45229.94

    309.04231.32

    307.65224.58

    314.26205.09

    314.26219.94

    315.15219.94

    316.89212.53

    309.99222.76

    309.99219.37

    309.99214.13

    327.65218.77

    327.68209.82

    311.16175.63

    312.98176.22

    323.46176.24

    327.69167.31

    327.65173.48

    310.03

    315.57

    308.25

    324.92

    321.08

    315.56

    315.54

    315.02

    309.56

    311.45

    311.45

    293.23

    293.23

    VLCC

    VLCC

    15

    15

    DWT

    m

    257987484276104722119990

    259991108631101838

    25809410190595007

    25809110024495843

    25809484996

    28105086355

    28105081283

    25808589960

    25807989039

    25809087983

    26430195822

    25809581283

    25999889920

    26416496101

    25808388348

    25809481278

    26950081283

    25803460960

    25786569998

    23850569999

    23850065581

    23999960956

    25539670914

    23850059999

    23877063133

    23877059996

    25026762326

    25029860962

    25707353996

    26213860959

    23875941997

    23877037999

    25805139799

    25867435653

    27413737642

    239781

    239351

    239783

    254036

    259762

    239999

    234240

    237578

    236615

    232378

    232323

    180377

    180200

    VLCC

    VLCC

    15

    15

    DWT

    18.7528.214.415.99

    19.1514.9915.28

    19.615.2813.12

    19.5315.2813.63

    19.5512.57

    20.4213.64

    20.4112.18

    19.4212.99

    18.9413.37

    19.2413.39

    19.8513.24

    19.4812.14

    19.3313.74

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    19.4813.07

    19.5112.67

    2112.66

    19.2811.62

    19.711.78

    19.5111.64

    19.6711.82

    18.8911.91

    19.8513.94

    19.5612.24

    18.812.2

    19.1312.34

    19.8512.77

    19.8511.92

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    20.3512.93

    19.211.65

    19.1810.71

    19.6210.89

    2011.01

    21.0311.47

    19.48

    19.05

    19.33

    19.74

    20.5

    19.95

    19.53

    19.45

    19.88

    19.66

    19.65

    16.5

    16.5

    VLCC

    VLCC

    15

    15

    DWT

    m

  • Graph1

    15.6830612575

    14.7332089805

    69.8

    84.4

    95

    80.2

    75.7

    76.1

    73.6

    75.3

    69.3

    72.7

    55

    48.7

    41

    38

    37

    33.6

    3.4

    23.5

    23106

    = 5.3942xR2 = 0.8732

    Sheet1

    15 15 VLCC VLCC

    No.DWTmm2/3*

    123851748427623014.3368.7828.21974T18033086.952514718.0

    215415925798715.7325.8318.751998D15683061.257464915.7

    315005325999115.4323.2419.151992D14733208.980533314.7

    414953725809452.614.0322.9619.61987D11123361.355362111.1

    514951925809169.815.1321.219.531990D13956593.050994314.0

    614951325809484.415.3321.219.551991D14518649.851695914.5

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    81493622810509515.7323.2420.411999D16604329.778548916.6

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    1114756825809062.714.0315.3119.241984D11123246.426795111.1

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    1314652725809573.615.3315.4819.481992D14376811.938722214.4

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    1514566126416460.514.0312.8419.841986D11176479.972582611.2

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    1714557525809459.514.0312.8419.511986D11123361.355362111.1

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    2114118123850556.614.0309.0419.511987D10553157.805396410.6

    221402722385006814.1307.6519.671983D10780765.352343510.8

    2313832023999973.915.4314.2618.89D13967909.983103714.0

    2413819725539675.315.4314.2619.851992D14701835.414625414.7

    2513789323850068.815.5315.1519.561989D14321461.838527214.3

    2613750123877069.315.6316.8918.81991D14611460.712903214.6

    2713671123877064.514.4309.9919.131987D11492309.563903911.5

    2813668825026758.314.0309.9919.851986D10897323.21176210.9

    2913668125029858.814.0309.9919.851985D10968433.318810411.0

    3013601125707317516.2327.6519.931972D17188950.230393117.2

    3113589126213865.313327.6820.351986D8998774.686976199.0

    3213554623875972.715.0311.1619.21990D12989136.418497513.0

    3313552523877058.314312.9819.181986D10560973.348602110.6

    34135117258051181.215.84323.4619.621974D16109024.029871816.1

    3513468425867469.213.4327.69201985D9768238.340539.8

    3613455527413764.813327.6521.03D9271325.474088579.3

    3713394023978159.614.0310.0319.481985D10590763.867620510.6

    3813335623935157.515.0315.5719.051986D13036637.039595613.0

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    4013067025403617715.65324.9219.741973D15374695.959239715.4

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    4212480123999961.713.8315.5619.95D10149474.278835110.1

    4312394023424012716.08315.5419.531973D15799093.628851515.8

    4412095723757818115.7315.0219.451975D14844643.485922414.8

    4511754223661510314.8309.5619.881980D12401664.970981912.4

    4611659923237865.313.6311.4519.661986D9507800.595579159.5

    4711653523232365.316.39311.4519.651987D16639170.251814416.6

    4810929618037771.3414.6293.2316.51981D9935262.368851949.9

    4910926318020082.414.8293.2316.51979D10342408.101401510.3

    51675241047225515.5237.4314.41996D8273457.616304328.3

    526749610863163.515249.1114.991980D7683804.304329187.7

    546551110190557.615.0237.7615.281979D7363270.797241567.4

    556550910024454.415.0237.7615.281981D7283040.120523757.3

    56563248499648.715.2233.4312.571999D6788853.272969756.8

    57561518635555.215235.5413.641979D6593744.31960576.6

    59557438128356.815.75227.0512.181980D7331195.886906717.3

    6055178899603314.3236.3912.991987D5870941.373270095.9

    61551238903960.115.33237.3313.371980D7183674.521930277.2

    63549868798360.115.5237.3313.391980D7366495.682982967.4

    64549539582238.114.5236.313.24D6383822.858971186.4

    6554754812835815226.0212.141980D6332962.649309336.3

    66539618992050.314.8239.1813.741980D6506628.508089916.5

    6753773961014114.2237.8413.541993D6007359.712795226.0

    6853404883485815238.2913.071979D6694810.041229536.7

    69517358127861.115.85227.3712.671979D7471419.793478457.5

    70491648128358.613.3232.7512.661979D4414566.592113534.4

    71431086096047.114.6222.3711.621981D4820460.622926344.8

    7242263699983814.4229.9411.781993D5050492.677237355.1

    7342237699993714.5231.3211.641997D5178037.967631295.2

    74418966558138.814224.5811.821980D4462409.931288684.5

    7539890609563014205.0911.911979D4250060.189854174.3

    76393387091433.614219.9413.941991D4701164.294984514.7

    7739285599993114219.9412.241987D4205459.436999744.2

    78392566313338.514.1212.5312.21980D4444555.04533644.4

    7939212599963514.3222.7612.341986D4481495.624093144.5

    8038878623263513.5219.3712.771987D3867652.757779013.9

    8138089609623813.7214.1311.921982D3982916.232360574.0

    82360025399642.814.8218.7711.431980D4631192.912953034.6

    83353756095933.115209.8212.931988D5227559.682914025.2

    8428480419973.415.0175.6311.651998D4077737.727590714.1

    85267583799923.514.0176.2210.711992D3101455.485003743.1

    8625996397992514176.2410.891987D3198641.34865273.2

    87247153565333.214.6167.3111.011982D3371237.01584613.4

    88226023764223.313.0173.4811.471984D2467621.338829412.5

    507085311999062.914.6235.3315.991981T7571035.273596167.6

    536551210183857.615.0237.7615.281978T7360042.998678077.4

    58559039500736.914238.1613.121985T5713310.714857535.7

    62550489584348.415.5236.3913.631991T7798936.075623867.8

    Sheet2

    Sheet2

    18.7528.214.415.99

    19.1514.9915.28

    19.615.2813.12

    19.5315.2813.63

    19.5512.57

    20.4213.64

    20.4112.18

    19.4212.99

    18.9413.37

    19.2413.39

    19.8513.24

    19.4812.14

    19.3313.74

    19.8413.54

    19.4813.07

    19.5112.67

    2112.66

    19.2811.62

    19.711.78

    19.5111.64

    19.6711.82

    18.8911.91

    19.8513.94

    19.5612.24

    18.812.2

    19.1312.34

    19.8512.77

    19.8511.92

    19.9311.43

    20.3512.93

    19.211.65

    19.1810.71

    19.6210.89

    2011.01

    21.0311.47

    19.48

    19.05

    19.33

    19.74

    20.5

    19.95

    19.53

    19.45

    19.88

    19.66

    19.65

    16.5

    16.5

    VLCC

    VLCC

    15

    15

    m

    15.714.315.514.6

    15.351515

    141514

    15.11515.5

    15.315.2

    16.115

    15.715.75

    15.514.3

    15.715.33

    1415.5

    15.214.5

    15.2515

    1514.8

    13.9514.2

    1415

    1415.85

    1113.3

    1414.6

    14.514.38

    1414.5

    14.114

    15.3514

    15.414

    15.514

    15.614.1

    14.414.3

    1413.5

    14.0313.7

    16.214.8

    1315

    1515

    1414

    15.8414

    13.414.6

    1313

    14

    15.01

    14

    15.65

    13.15

    13.8

    16.08

    15.7

    14.8

    13.6

    16.39

    14.6

    14.8

    VLCC

    VLCC

    15

    15

    85

    325.83368.78237.43235.33

    323.24249.11237.76

    322.96237.76238.16

    321.2237.76236.39

    321.2233.43

    323.24235.54

    323.24227.05

    321.85236.39

    325.26237.33

    315.31237.33

    314.48236.34

    315.48226.02

    318.06239.18

    312.84237.84

    312.84238.29

    312.84227.37

    328.03232.75

    307.93222.37

    331.45229.94

    309.04231.32

    307.65224.58

    314.26205.09

    314.26219.94

    315.15219.94

    316.89212.53

    309.99222.76

    309.99219.37

    309.99214.13

    327.65218.77

    327.68209.82

    311.16175.63

    312.98176.22

    323.46176.24

    327.69167.31

    327.65173.48

    310.03

    315.57

    308.25

    324.92

    321.08

    315.56

    315.54

    315.02

    309.56

    311.45

    311.45

    293.23

    293.23

    VLCC

    VLCC

    15

    15

    m

    90

    18.7528.214.415.99

    19.1514.9915.28

    19.615.2813.12

    19.5315.2813.63

    19.5512.57

    20.4213.64

    20.4112.18

    19.4212.99

    18.9413.37

    19.2413.39

    19.8513.24

    19.4812.14

    19.3313.74

    19.8413.54

    19.4813.07

    19.5112.67

    2112.66

    19.2811.62

    19.711.78

    19.5111.64

    19.6711.82

    18.8911.91

    19.8513.94

    19.5612.24

    18.812.2

    19.1312.34

    19.8512.77

    19.8511.92

    19.9311.43

    20.3512.93

    19.211.65

    19.1810.71

    19.6210.89

    2011.01

    21.0311.47

    19.48

    19.05

    19.33

    19.74

    20.5

    19.95

    19.53

    19.45

    19.88

    19.66

    19.65

    16.5

    16.5

    VLCC

    VLCC

    15

    15

    m

    m

    Sheet3

    325.83368.78237.43235.33

    323.24249.11237.76

    322.96237.76238.16

    321.2237.76236.39

    321.2233.43

    323.24235.54

    323.24227.05

    321.85236.39

    325.26237.33

    315.31237.33

    314.48236.34

    315.48226.02

    318.06239.18

    312.84237.84

    312.84238.29

    312.84227.37

    328.03232.75

    307.93222.37

    331.45229.94

    309.04231.32

    307.65224.58

    314.26205.09

    314.26219.94

    315.15219.94

    316.89212.53

    309.99222.76

    309.99219.37

    309.99214.13

    327.65218.77

    327.68209.82

    311.16175.63

    312.98176.22

    323.46176.24

    327.69167.31

    327.65173.48

    310.03

    315.57

    308.25

    324.92

    321.08

    315.56

    315.54

    315.02

    309.56

    311.45

    311.45

    293.23

    293.23

    VLCC

    VLCC

    15

    15

    DWT

    m

    257987484276104722119990

    259991108631101838

    25809410190595007

    25809110024495843

    25809484996

    28105086355

    28105081283

    25808589960

    25807989039

    25809087983

    26430195822

    25809581283

    25999889920

    26416496101

    25808388348

    25809481278

    26950081283

    25803460960

    25786569998

    23850569999

    23850065581

    23999960956

    25539670914

    23850059999

    23877063133

    23877059996

    25026762326

    25029860962

    25707353996

    26213860959

    23875941997

    23877037999

    25805139799

    25867435653

    27413737642

    239781

    239351

    239783

    254036

    259762

    239999

    234240

    237578

    236615

    232378

    232323

    180377

    180200

    VLCC

    VLCC

    15

    15

    DWT

    18.7528.214.415.99

    19.1514.9915.28

    19.615.2813.12

    19.5315.2813.63

    19.5512.57

    20.4213.64

    20.4112.18

    19.4212.99

    18.9413.37

    19.2413.39

    19.8513.24

    19.4812.14

    19.3313.74

    19.8413.54

    19.4813.07

    19.5112.67

    2112.66

    19.2811.62

    19.711.78

    19.5111.64

    19.6711.82

    18.8911.91

    19.8513.94

    19.5612.24

    18.812.2

    19.1312.34

    19.8512.77

    19.8511.92

    19.9311.43

    20.3512.93

    19.211.65

    19.1810.71

    19.6210.89

    2011.01

    21.0311.47

    19.48

    19.05

    19.33

    19.74

    20.5

    19.95

    19.53

    19.45

    19.88

    19.66

    19.65

    16.5

    16.5

    VLCC

    VLCC

    15

    15

    DWT

    m

    15.68306125752305562.9

    14.733208980563.557.6

    52.657.636.9

    69.854.448.4

    84.448.7

    17.906059413755.2

    9556.8

    80.233

    75.760.1

    62.760.1

    76.138.1

    73.658

    75.950.3

    60.541

    56.558

    59.561.1

    49.658.6

    59.847.1

    9838

    56.637

    6838.8

    73.930

    75.333.6

    68.831

    69.338.5

    64.535

    58.335

    58.838

    17542.8

    65.333.1

    72.73.4

    58.323.5

    181.225

    69.233.2

    64.823.3

    59.6

    57.5

    61.4

    177

    179

    61.7

    127

    181

    103

    65.3

    65.3

    71.34

    82.4

    VLCC

    VLCC

    15

    15

    2/3

    /

    VLCC15

    19.68

    No.DWTmm2/3*

    215415925798715.7325.8318.751998D15683061.257464915.7

    315005325999115.4323.2419.151992D14733208.980533314.7

    414953725809452.614.0322.9619.61987D11123361.355362111.1

    514951925809169.815.1321.219.531990D13956593.050994314.0

    614951325809484.415.3321.219.551991D14518649.851695914.5

    81493622810509515.7323.2420.411999D16604329.778548916.6

    914903325808580.215.5321.8519.421990D15095132.76601715.1

    1014766525807975.715.7325.2618.941993D15686789.496729315.7

    1214654126430176.115.2314.4819.851992D14463163.687526714.5

    1314652725809573.615.3315.4819.481992D14376811.938722214.4

    1414637625999875.915.0318.119.331989D13748451.37434513.7

    1514566126416460.514.0312.8419.841986D11176479.972582611.2

    1614563525808356.514.0312.8419.481987D11123045.300374211.1

    1714557525809459.514.0312.8419.511986D11123361.355362111.1

    1914316625803459.814.0307.9319.281986D11121637.36450911.1

    2114118123850556.614.0309.0419.511987D10553157.805396410.6

    2413819725539675.315.4314.2619.851992D14701835.414625414.7

    2513789323850068.815.5315.1519.561989D14321461.838527214.3

    2613750123877069.315.6316.8918.81991D14611460.712903214.6

    2713671123877064.514.4309.9919.131987D11492309.563903911.5

    2813668825026758.314.0309.9919.851986D10897323.21176210.9

    2913668125029858.814.0309.9919.851985D10968433.318810411.0

    3113589126213865.313327.6820.351986D8998774.686976199.0

    3213554623875972.715.0311.1619.21990D12989136.418497513.0

    3313552523877058.314312.9819.181986D10560973.348602110.6

    3513468425867469.213.4327.69201985D9768238.340539.8

    3713394023978159.614.0310.0319.481985D10590763.867620510.6

    3813335623935157.515.0315.5719.051986D13036637.039595613.0

    3913286723978361.414308.2519.331986D10590822.758854110.6

    4611659923237865.313.6311.4519.661986D9507800.595579159.5

    4711653523232365.316.39311.4519.651987D16639170.251814416.6

    51675241047225515.5237.4314.41996D8273457.616304328.3

    56563248499648.715.2233.4312.571999D6788853.272969756.8

    6055178899603314.3236.3912.991987D5870941.373270095.9

    6753773961014114.2237.8413.541993D6007359.712795226.0

    7242263699983814.4229.9411.781993D5050492.677237355.1

    7342237699993714.5231.3211.641997D5178037.967631295.2

    76393387091433.614219.9413.941991D4701164.294984514.7

    7739285599993114219.9412.241987D4205459.436999744.2

    7939212599963514.3222.7612.341986D4481495.624093144.5

    8038878623263513.5219.3712.771987D3867652.757779013.9

    83353756095933.115209.8212.931988D5227559.682914025.2

    8428480419973.415.0175.6311.651998D4077737.727590714.1

    85267583799923.514.0176.2210.711992D3101455.485003743.1

    8625996397992514176.2410.891987D3198641.34865273.2

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    23106

    No.DWTmm2/3*

    215415925798715.7325.8318.751998D15683061.257464915.7

    315005325999115.4323.2419.151992D14733208.980533314.7

    514951925809169.815.1321.219.531990D13956593.050994314.0

    614951325809484.415.3321.219.551991D14518649.851695914.5

    81493622810509515.7323.2420.411999D16604329.778548916.6

    914903325808580.215.5321.8519.421990D15095132.76601715.1

    1014766525807975.715.7325.2618.941993D15686789.496729315.7

    1214654126430176.115.2314.4819.851992D14463163.687526714.5

    1314652725809573.615.3315.4819.481992D14376811.938722214.4

    2413819725539675.315.4314.2619.851992D14701835.414625414.7

    2613750123877069.315.6316.8918.81991D14611460.712903214.6

    3213554623875972.715.0311.1619.21990D12989136.418497513.0

    51675241047225515.5237.4314.41996D8273457.616304328.3

    56563248499648.715.2233.4312.571999D6788853.272969756.8

    6753773961014114.2237.8413.541993D6007359.712795226.0

    7242263699983814.4229.9411.781993D5050492.677237355.1

    7342237699993714.5231.3211.641997D5178037.967631295.2

    76393387091433.614219.9413.941991D4701164.294984514.7

    8428480419973.415.0175.6311.651998D4077737.727590714.1

    85267583799923.514.0176.2210.711992D3101455.485003743.1

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    23106

    15 15 VLCC VLCC

    No.DWTmm2/3*

    123851748427623014.3368.7828.21974T18033086.952514718.0

    215415925798715.7325.8318.751998D15683061.257464915.7

    315005325999115.4323.2419.151992D14733208.980533314.7

    414953725809452.614.0322.9619.61987D11123361.355362111.1

    514951925809169.815.1321.219.531990D13956593.050994314.0

    614951325809484.415.3321.219.551991D14518649.851695914.5

    714940728105016.1323.2420.42D17906059.413671817.9

    81493622810509515.7323.2420.411999D16604329.778548916.6

    914903325808580.215.5321.8519.421990D15095132.76601715.1

    1014766525807975.715.7325.2618.941993D15686789.496729315.7

    1114756825809062.714.0315.3119.241984D11123246.426795111.1

    1214654126430176.115.2314.4819.851992D14463163.687526714.5

    1314652725809573.615.3315.4819.481992D14376811.938722214.4

    1414637625999875.915.0318.119.331989D13748451.37434513.7

    1514566126416460.514.0312.8419.841986D11176479.972582611.2

    1614563525808356.514.0312.8419.481987D11123045.300374211.1

    1714557525809459.514.0312.8419.511986D11123361.355362111.1

    1814330426950049.611328.03211984D5553292.749246135.6

    1914316625803459.814.0307.9319.281986D11121637.36450911.1

    201428332578659814.5331.4519.71980D12350909.504001712.4

    2114118123850556.614.0309.0419.511987D10553157.805396410.6

    221402722385006814.1307.6519.671983D10780765.352343510.8

    2313832023999973.915.4314.2618.89D13967909.983103714.0

    2413819725539675.315.4314.2619.851992D14701835.414625414.7

    2513789323850068.815.5315.1519.561989D14321461.838527214.3

    2613750123877069.315.6316.8918.81991D14611460.712903214.6

    2713671123877064.514.4309.9919.131987D11492309.563903911.5

    2813668825026758.314.0309.9919.851986D10897323.21176210.9

    2913668125029858.814.0309.9919.851985D10968433.318810411.0

    3013601125707317516.2327.6519.931972D17188950.230393117.2

    3113589126213865.313327.6820.351986D8998774.686976199.0

    3213554623875972.715.0311.1619.21990D12989136.418497513.0

    3313552523877058.314312.9819.181986D10560973.348602110.6

    34135117258051181.215.84323.4619.621974D16109024.029871816.1

    3513468425867469.213.4327.69201985D9768238.340539.8

    3613455527413764.813327.6521.03D9271325.474088579.3

    3713394023978159.614.0310.0319.481985D10590763.867620510.6

    3813335623935157.515.0315.5719.051986D13036637.039595613.0

    3913286723978361.414308.2519.331986D10590822.758854110.6

    4013067025403617715.65324.9219.741973D15374695.959239715.4

    4112951125976217913.15321.0820.51986D9257513.159940939.3

    4212480123999961.713.8315.5619.95D10149474.278835110.1

    4312394023424012716.08315.5419.531973D15799093.628851515.8

    4412095723757818115.7315.0219.451975D14844643.485922414.8

    4511754223661510314.8309.5619.881980D12401664.970981912.4

    4611659923237865.313.6311.4519.661986D9507800.595579159.5

    4711653523232365.316.39311.4519.651987D16639170.251814416.6

    4810929618037771.3414.6293.2316.51981D9935262.368851949.9

    4910926318020082.414.8293.2316.51979D10342408.101401510.3

    139387.775510204253960.22448979685.466086956514.6540816327317.478367346919.681985.555555555612758198.015812712.7581980158

    507085311999062.914.6235.3315.991981T7571035.273596167.6

    536551210183857.615.0237.7615.281978T7360042.998678077.4

    58559039500736.914238.1613.121985T5713310.714857535.7

    62550489584348.415.5236.3913.631991T7798936.075623867.8

    51675241047225515.5237.4314.41996D8273457.616304328.3

    526749610863163.515249.1114.991980D7683804.304329187.7

    546551110190557.615.0237.7615.281979D7363270.797241567.4

    556550910024454.415.0237.7615.281981D7283040.120523757.3

    56563248499648.715.2233.4312.571999D6788853.272969756.8

    57561518635555.215235.5413.641979D6593744.31960576.6

    59557438128356.815.75227.0512.181980D7331195.886906717.3

    6055178899603314.3236.3912.991987D5870941.373270095.9

    61551238903960.115.33237.3313.371980D7183674.521930277.2

    63549868798360.115.5237.3313.391980D7366495.682982967.4

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    6853404883485815238.2913.071979D6694810.041229536.7

    69517358127861.115.85227.3712.671979D7471419.793478457.5

    70491648128358.613.3232.7512.661979D4414566.592113534.4

    71431086096047.114.6222.3711.621981D4820460.622926344.8

    7242263699983814.4229.9411.781993D5050492.677237355.1

    7342237699993714.5231.3211.641997D5178037.967631295.2

    74418966558138.814224.5811.821980D4462409.931288684.5

    7539890609563014205.0911.911979D4250060.189854174.3

    76393387091433.614219.9413.941991D4701164.294984514.7

    7739285599993114219.9412.241987D4205459.436999744.2

    78392566313338.514.1212.5312.21980D4444555.04533644.4

    7939212599963514.3222.7612.341986D4481495.624093144.5

    8038878623263513.5219.3712.771987D3867652.757779013.9

    8138089609623813.7214.1311.921982D3982916.232360574.0

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    83353756095933.115209.8212.931988D5227559.682914025.2

    8428480419973.415.0175.6311.651998D4077737.727590714.1

    85267583799923.514.0176.2210.711992D3101455.485003743.1

    8625996397992514176.2410.891987D3198641.34865273.2

    87247153565333.214.6167.3111.011982D3371237.01584613.4

    88226023764223.313.0173.4811.471984D2467621.338829412.5

  • IC OP

  • OROS

  • 1

  • 2

  • 1997

  • 1997

  • Graph1

    24.83

    25.77

    26.09

    23.16

    26.31

    28.11

    26.93

    27.82

    30.39

    30.5

    29.78

    22.05

    2000

    $/BBL)

    Sheet1

    124.83

    225.77

    326.09

    423.16

    526.31

    628.11

    726.93

    827.82

    930.39

    1030.5

    1129.78

    1222.05

    Sheet1

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    2000

    $/BBL)

    Sheet2

    Sheet3

  • 1

  • 2

    Graph1

    0.5238095238

    0.0884353741

    0.0204081633

    0.1156462585

    0.0816326531

    0.0408163265

    0.0136054422

    0.0476190476

    0.0136054422

    0.0544217687

    5%

    1%

    Sheet1

    52%

    9%

    2%

    12%

    8%

    4%

    1%

    5%

    1%

    5%

    Sheet1

    5%

    1%

    Sheet2

    Sheet3

  • 1!!

    177%

    11

    2

    19611997 X

    CIF

    1

    1997

    14.1102%

    30

    9.9% 2$KL2$KL 73

    1000

    28200 10

    1200 6.1125ETAETA 1 21312

    2$KL1000

    200

    112

    22

    199719971997

    5%

    2%30KL1

    198019871