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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.

Latest VLCC Fixtures
DateNameBuiltCargoChartererLoadDischargeRate
Apr-29IRENE SL2004 270,000 CRUDE UNIPECAGCHINA WS 52.5
Apr-29BOSTON2012 260,000 CRUDE IOCNIGERIAPARADIP USD 3680000
Apr-29DHT ANN2001 260,000 CRUDE STATOILW AFRICAEAST WS 55.75
Apr-28HONG KONG SPIRIT2013 270,000 CRUDE UNIPECAGCHINA RNR
Apr-28CAPTAIN X. KYRIAKOU2013 260,000 CRUDE IOCAGBAMI TERMINALVADINAR USD 3300000
Apr-28GENER8 NAUTILUS2016 270,000 CRUDE CHEVTEXAGYOSU RNR
Apr-28LONG HU SAN2012 270,000 CRUDE GLASFORDAGCHINA BAY RNR
Apr-28LUCKY TRADER2000 270,000 CRUDE DAY HARVESTBASRAH OIL TERMINALCHINA WS 50
Apr-28GENER8 POSEIDON2002 260,000 CRUDE PETROINEOS EAST WS 56
Apr-28ARGENTA2005 270,000 CRUDE HMMMA AHMADIBATAAN WS 46
Apr-28ATHINA2005 270,000 CRUDE PETROINEOSHOUND POINTS KOREA USD 5875000
Apr-28YUAN YANG HU2010 270,000 CRUDE UNIPECAGCHINA RNR
Apr-28ATHENIAN FREEDOM2013 260,000 CRUDE IOCAGBAMI TERMINALWC INDIA USD 3300000
Apr-28MEANDROS2000 270,000 CRUDE EXXONMOBILAGSINGAPORE RNR
Apr-28XIN YUE YANG2009 270,000 CRUDE UNIPECAGCHINA RNR
Apr-28SMITI2005 270,000 CRUDE HMMAGONSAN RNR
Apr-28OLYMPIC LEGEND2003 260,000 CRUDE RELIANCEDALIA TERMINALWC INDIA USD 3200000
Apr-28NEW DIAMOND2000 270,000 CRUDE CNRAGEAST RNR
Apr-28BUNGA KASTURI EMPAT2007 260,000 CRUDE PETROBRASBRAZILEAST WS 49.5
Apr-28MARAN CALLISTO1999 270,000 CRUDE UNIPECAGCHINA WS 49




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