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Markets > Market Reports > VLCC > Overcapacity in the MEG caused rates to decline... Archive:
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Overcapacity in the MEG caused rates to decline...

21 January 2013

Activity in the MEG reflected levels observed in the region last week. However, with a heavy tonnage list extending into early February, the rate on the benchmark route to Japan declined to WS 40 this week. The rate on the westbound route to the US also softened to WS 23.5, with only one fixture agreed this week.

Latest VLCC Fixtures
DateNameBuiltCargoChartererLoadDischargeRate
Jan-20AL KOUT2014 270,000 CRUDE HMMRAS TANURABATAAN WS 64
Jan-20TBN VESSEL  260,000 CRUDE PETROINEOSW AFRICAEAST RNR
Jan-20MARINA2009 270,000 CRUDE BORLRAS TANURASIKKA WS 105
Jan-20NEW KARPATHOS2000 265,000 CRUDE IOCBASRAH OIL TERMINALECI WS 92
Jan-19XIN DAN YANG2013 280,000 CRUDE EXXONMOBILAGUSG RNR
Jan-19APOLLONAS2016 270,000 CRUDE SHELLHOUND POINTS KOREA USD 5350000
Jan-19NEW COMFORT2016 270,000 CRUDE UNIPECAGCHINA RNR
Jan-19IRENE SL2004 260,000 CRUDE UNIPECW AFRICACHINA WS 62.25
Jan-19NEW DREAM2014 270,000 CRUDE TRAFIGURAROTTERDAMSINGAPORE USD 4000000
Jan-19SEEB2011 260,000 CRUDE CHEM CHINABRAZILEAST WS 57.5
Jan-19OLYMPIC LIBERTY2003 260,000 CRUDE SOCARCEYHAN TERMINALTAIWAN USD 5390000
Jan-19NEW ODYSSEY2016 260,000 CRUDE CHINESEW AFRICACHINA RNR
Jan-19COSGRACE LAKE2006 260,000 CRUDE DAY HARVESTURUGUAYCHINA RNR
Jan-19FRONT SCILLA2000 265,000 CRUDE IOCBASRAH OIL TERMINALECI WS 92
Jan-19ANTONIS I. ANGELICOUSSIS2000 270,000 CRUDE EXXONMOBILAGEAST WS 62
Jan-19TBN VESSEL  265,000 CRUDE IOCBASRAH OIL TERMINALECI WS 92
Jan-18XIN RUN YANG2009 260,000 CRUDE CNOOC CHINA WS 63
Jan-18LUXE1999 270,000 CRUDE PETRONASMA AHMADIMALACCA WS 65
Jan-18ATHENIAN SUCCESS2010 270,000 CRUDE ST SHIPPINGHOUND POINTS KOREA RNR
Jan-18CAESAR2009 280,000 CRUDE PBFAGUSG WS 49




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