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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
Sep-16KIMOLOS1998 250,000 CRUDE IOCBONNYPARADIP USD 3680000
Sep-16SAFWA2002 270,000 CRUDE RELIANCECARIBSSIKKA RNR
Sep-16E MEI SAN2010 260,000 CRUDE CHEMOILW AFRICACHINA WS 46
Sep-16ARMADA ULYSSES1999 265,000 CRUDE PTTAGTHAILAND WS 38
Sep-16GOOD NEWS1999 270,000 CRUDE RELIANCEAGJAMNAGAR RNR
Sep-15ALEXANDER THE GREAT2010 280,000 CRUDE EXXONMOBILAGUSG WS 20
Sep-15NEW RESOURCE2010 280,000 CRUDE UNIPECCABINDACHINA RNR
Sep-12HAKKAISAN2009 260,000 CRUDE UNIPECW AFRICACHINA WS 46
Sep-12E MEI SAN2010 260,000 CRUDE CNRW AFRICACHINA WS 46
Sep-12YANGTZE CROWN2011 270,000 CRUDE UNIPECAGCHINA RNR
Sep-12CHANG JIANG ZHI HUI2009 270,000 CRUDE UNIPECAGCHINA RNR
Sep-12COSRICH LAKE2011 270,000 CRUDE UNIPECAGCHINA RNR
Sep-12YANGTZE FOUNTAIN2010 270,000 CRUDE UNIPECAGCHINA RNR
Sep-12DALIAN GLORY2011 270,000 CRUDE UNIPECAGCHINA RNR
Sep-12GREEK WARRIOR2000 270,000 CRUDE FORMOSAAGMAILIAO WS 38.5
Sep-12GENMAR POSEIDON2002 265,000 CRUDE S.OILAGONSAN WS 37
Sep-11HABRUT2012 280,000 CRUDE STATOILBASRAH OIL TERMINALUSG WS 19
Sep-11KALLIOPI2010 270,000 CRUDE UNIPECYEMENCHINA WS 42
Sep-11C INNOVATOR2012 270,000 CRUDE HYUNDAI OILBANKAGS KOREA WS 38.5
Sep-10PACIFIC VOYAGER2009 270,000 CRUDE UNIPECSIDI KERIRCHINA USD 5650000





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