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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
Jul-22FRONT QUEEN2009 275,000 CRUDE PETROCHINACARIBSSINGAPORE USD 5700000
Jul-22BLUE GARNET2011 275,000 CRUDE PETROCHINACARIBSSINGAPORE USD 5800000
Jul-22MARINA2009 260,000 CRUDE BP AMOCOW AFRICAMED WS 70
Jul-22KELLY2000 270,000 CRUDE CHINESEAGCHINA WS 45
Jul-22ASTRO CHALLENGE2002 270,000 CRUDE ESSARAGVADINAR RNR
Jul-22ATHINA2005 275,000 CRUDE PHILLIPS 66CARIBSSINGAPORE USD 5500000
Jul-22DS VISION2011 265,000 CRUDE UNIPECAGCHINA RNR
Jul-21NEW PROGRESS1994 267,000 CRUDE IOCBASRAH OIL TERMINALWC INDIA WS 58
Jul-21ARGENTA2005 270,000 CRUDE RELIANCECARIBSSIKKA USD 4600000
Jul-21SKOPELOS2002 260,000 CRUDE UNIPECW AFRICACHINA WS 47.5
Jul-21ELIZABETH M2010 272,000 CRUDE IOCMINA AL AHMADISIKKA WS 45
Jul-21HEMSEDAL SPIRIT2010 260,000 CRUDE PETROINEOSW AFRICACHINA WS 47.5
Jul-21POLEMBROS TBN0 270,000 CRUDE RELIANCEAGSIKKA WS 52.5
Jul-21LAYLA2007 270,000 CRUDE RELIANCECARIBSSIKKA USD 4450000
Jul-21DESH UJAALA2005 270,000 CRUDE SHELLAGSINGAPORE WS 46.5
Jul-21HAKKAISAN2009 270,000 CRUDE SEARIVERAGSINGAPORE WS 45
Jul-18LAYLA2007 270,000 CRUDE UNIPECCARIBSSINGAPORE USD 5350000
Jul-18Xin Dan Yang2013 265,000 CRUDE UNIPECAGCHINA RNR
Jul-18ELIZABETH M2010 180,000 CRUDE BORLRAS TANURASIKKA WS 60
Jul-18GENMAR VISION2001 270,000 CRUDE CNOOCAGCHINA WS 45





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