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Markets > Market Reports > VLCC > Average earnings declined by 10% w-o-w this week... Archive:
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Average earnings declined by 10% w-o-w this week...

17 December 2012

VLCC supply in the MEG remains relatively tight. However, the cargo count for December has been somewhat lower than expected, which has prevented rates from making any headway. This week, the rate on the Gulf-Japan route fell to WS 46.5, while overall, average VLCC earnings declined by 10% w-o-w to $21,377/day.

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DateNameBuiltCargoChartererLoadDischargeRate
Feb-24NEW ASPIRE2011 260,000 CRUDE CHINESEWAFCHINA RNR
Feb-24NEW COMFORT2016 270,000 CRUDE PETROCHINACARIBSSINGAPORE USD 4300000
Feb-24SIFA2011 270,000 CRUDE STATOILCOVENASSINGAPORE USD 4300000
Feb-24OLYMPIC TROPHY2010 280,000 CRUDE PETROBRASRAS TANURABRAZIL WS 35
Feb-24POWER D2003 260,000 CRUDE CNOOCANGOLACHINA RNR
Feb-24NEW PROSPERITY1999 265,000 CRUDE IOCBASRAH OIL TERMINALVADINAR WS 82
Feb-24AZUMASAN2010 270,000 CRUDE TONEN JAPAN RNR
Feb-24OVERSEAS TANABE2002 270,000 CRUDE PETROCHINACARIBSSINGAPORE RNR
Feb-24NEW JOVIALITY2011 260,000 CRUDE UNIPECWAFCHINA RNR
Feb-24NEW ENERGY2016 270,000 CRUDE CHINESEAGCHINA RNR
Feb-24TSURUGA2009 270,000 CRUDE MITSUBISHIAGJAPAN RNR
Feb-24NEW FRIENDSHIP1999 265,000 CRUDE IOCMA AHMADIEC INDIA WS 65
Feb-24MARAN CANOPUS2007 270,000 CRUDE MERCURIAUSGSINGAPORE USD 4150000
Feb-23NEW DIAMOND2000 270,000 CRUDE CPCAGTAIWAN RNR
Feb-23OLYMPIC TRUST2010 270,000 CRUDE RELIANCEAGSIKKA RNR
Feb-22PANTANASSA2011 270,000 CRUDE TOTALKHARG ISLANDSINGAPORE WS 71.5
Feb-22SIFA2011 270,000 CRUDE RELIANCECARIBSWC INDIA USD 3500000
Feb-22DESH VISHAL2009 270,000 CRUDE HMELRAS TANURAMUNDRA WS 80
Feb-22ATAKA1998 260,000 CRUDE IOCSERPENTINA FPSOVADINAR USD 2780000
Feb-21ECO QUEEN2016 280,000 CRUDE CHEVTEXAGUSWC WS 50




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