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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
Jun-29BOYACA2013 260,000 CRUDE CNRCABINDACHINA RNR
Jun-29GLOBAL M1998 270,000 CRUDE HMELAGMUNDRA WS 80
Jun-29TRIKWONG VENTURE2012 270,000 CRUDE PTTAGTHAILAND RNR
Jun-29SHINYO KIERAN2011 270,000 CRUDE UNIPECAGCHINA WS 63
Jun-29SHOSHONE SPIRIT2010 270,000 CRUDE CHEVTEXAGSINGAPORE WS 67.5
Jun-29BW LOTUS2011 260,000 CRUDE UNIPECW AFRICACHINA WS 65
Jun-29FRONT HAKATA2002 270,000 CRUDE BP AMOCOROTTERDAMSINGAPORE USD 6325000
Jun-29NEW VIGOROUS2012 280,000 CRUDE SEARIVERAGUSG WS 35
Jun-26XIN HAN YANG2009 260,000 CRUDE UNIPECANGOLACHINA RNR
Jun-26XIN NING YANG2005 270,000 CRUDE CNRCARIBSEAST RNR
Jun-26BUKHA2012 270,000 CRUDE CNRAGEAST RNR
Jun-26MARBAT2008 270,000 CRUDE PHILLIPS 66AGEAST RNR
Jun-26TRIKWONG VENTURE2012 270,000 CRUDE UNIPECAGCHINA RNR
Jun-26FRONT COMMODORE2000 270,000 CRUDE CHEVTEXAGEAST RNR
Jun-26DABA2012 270,000 CRUDE RELIANCEAGJAMNAGAR WS 77.5
Jun-26HYUNDAI SUN1998 260,000 CRUDE RELIANCEW AFRICAJAMNAGAR RNR
Jun-26FRONT FORCE2004 270,000 CRUDE PTTAGTHAILAND WS 67.5
Jun-26ATLANTAS2010 260,000 CRUDE IOCMALONGOPARADIP USD 5110000
Jun-26ADVENTURE2005 270,000 CRUDE HMMYANBUONSAN RNR
Jun-26NAVE BUENA SUERTE2011 274,000 CRUDE S.OILAGS KOREA WS 60




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