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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
Aug-24ANDROMEDA VOYAGER2005 260,000 CRUDE SHELLBRAZILEAST WS 32
Aug-24MARAN THALEIA2011 270,000 CRUDE CHEVTEXAGYOSU WS 32.5
Aug-24SEAKING2005 270,000 CRUDE TESOROMA FAHALUSWC WS 36.5
Aug-24SEA LION2003 260,000 CRUDE PETROBRASBRAZILEAST WS 35.5
Aug-24DHT PANTHER2016 270,000 CRUDE SK ENERGYAGS KOREA WS 32.5
Aug-24CAESAR2009 270,000 CRUDE CHEM CHINAMA FAHALCHINA WS 36
Aug-24NEW TRIUMPH2015 260,000 CRUDE CNOOCW AFRICACHINA RNR
Aug-23DESH VIBHOR2015 260,000 CRUDE HPCLW AFRICAWC INDIA RNR
Aug-23LUXE1999 270,000 CRUDE EXXONMOBILAGEAST WS 35
Aug-23OLYMPIC LION2010 270,000 CRUDE RELIANCERAS TANURAJAMNAGAR WS 37
Aug-23GOOD NEWS1999 270,000 CRUDE HMELRAS TANURAMUNDRA RNR
Aug-23GREEK WARRIOR2000 270,000 CRUDE HMELBASRAH OIL TERMINALMUNDRA RNR
Aug-23HABARI2008 270,000 CRUDE PETROCHINACARIBSSINGAPORE USD 2500000
Aug-23NEW TINOS1999 270,000 CRUDE POWERPLUSBASRAH OIL TERMINALQINGDAO WS 45
Aug-22SHAYBAH2008 270,000 CRUDE PETROCHINACARIBSSINGAPORE USD 2600000
Aug-22FIDA2011 270,000 CRUDE LITASCOBASRAH OIL TERMINALUSG WS 26
Aug-22MEANDROS2000 270,000 CRUDE SEARIVERAGSINGAPORE WS 32.5
Aug-22LUXE1999 270,000 CRUDE CNRAGCHINA RNR
Aug-22RIDGEBURY PIONEER1999 270,000 CRUDE IOCBASRAH OIL TERMINALWC INDIA WS 48
Aug-19BW PEONY2011 270,000 CRUDE SHELLAGEAST WS 40




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