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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-03MARINA M2000 270,000 CRUDE CHEVTEXBASRAH OIL TERMINALYOSU WS 53
Aug-03TEXAS2012 257,000 CRUDE HPCLSINGAPOREVISAKHAPATNAM WS 50
Aug-03NEW ENTERPRISE2008 270,000 CRUDE UNIPECAGCHINA RNR
Aug-03DALIAN VENTURE2011 280,000 CRUDE SEARIVERAGWEST WS 31.5
Aug-03ADVENTURE2005 280,000 CRUDE CNRAGUSG RNR
Aug-03TBN VESSEL0 270,000 CRUDE UNIPECAGCHINA WS 53
Aug-03DESH UJAALA2005 242,000 CRUDE IOCRAS TANURAPARADIP WS 61.5
Jul-31TBN VESSEL0 280,000 CRUDE EXXONMOBILAGWEST WS 32.5
Jul-31ASIAN PROGRESS III2004 270,000 CRUDE MITSUBISHIAGJAPAN RNR
Jul-31NEW PEACE2012 270,000 CRUDE UNIPECAGCHINA RNR
Jul-30ZOURVA2014 260,000 CRUDE IOCBRASS TERMINALVADINAR USD 4500000
Jul-30SAIQ2011 280,000 CRUDE SEARIVERAGWEST RNR
Jul-30HEMSEDAL SPIRIT2010 270,000 CRUDE SEARIVERAGSINGAPORE WS 57.5
Jul-30DESH VIRAAT2008 270,000 CRUDE UNIPECAGCHINA WS 56
Jul-30ASIAN PROGRESS III2004 270,000 CRUDE COSMOAGCHINA RNR
Jul-30HONG KONG SPIRIT2013 260,000 CRUDE PETROBRASBRAZILEAST WS 56
Jul-29MARAN TRITON2003 270,000 CRUDE PETROCHINACARIBSEAST RNR
Jul-29MARAN CASTOR2001 270,000 CRUDE PTTAGTHAILAND WS 62
Jul-29KIMOLOS1998 267,000 CRUDE IOCBASRAH OIL TERMINALVADINAR WS 95
Jul-29PRIDE2000 270,000 CRUDE CLEARLAKECHARCO AZULEAST USD 4300000




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