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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
Feb-11TSURUSAKI2002 270,000 CRUDE COSMOAGJAPAN RNR
Feb-11HOUSTON2012 260,000 CRUDE PETROINEOSW AFRICACHINA WS 70
Feb-11XIN NING YANG2005 260,000 CRUDE CNOOCW AFRICACHINA WS 67
Feb-11DESH VAIBHAV2005 270,000 CRUDE LITASCOFUJAIRAHS KOREA WS 63
Feb-10ITHAKI2011 280,000 CRUDE KOCHAGUSG WS 35.5
Feb-10BRIGHTOIL GEM2013 270,000 CRUDE UNIPECAGCHINA RNR
Feb-09DABA2012 260,000 CRUDE PETROBRASBRAZILEAST WS 64
Feb-09HOUSTON2012 260,000 CRUDE IOCBONNYVADINAR USD 3850000
Feb-09DHT CHRIS2001 270,000 CRUDE CNRAGEAST RNR
Feb-09XIN XIA YANG2011 270,000 CRUDE BAHRIAGJAPAN WS 58
Feb-09OLYMPIC TRUST2010 270,000 CRUDE KANGQIBASRAH OIL TERMINALDALIAN WS 62
Feb-09DHT HAWK2007 270,000 CRUDE TONENAGJAPAN WS 63.5
Feb-09OVERSEAS ROSALYN2003 270,000 CRUDE PETROCHINACARIBSEAST RNR
Feb-09XIN LIAN YANG2014 270,000 CRUDE TOTALFUJAIRAHCHINA WS 63.5
Feb-09SEA LYNX2004 280,000 CRUDE PHILLIPS 66AGUSWC RNR
Feb-08ASTRO CHALLENGE2002 270,000 CRUDE TOTALBASRAH OIL TERMINALUSG WS 34
Feb-08ANTONIS I. ANGELICOUSSIS2000 260,000 CRUDE IOCCABINDAPARADIP USD 4050000
Feb-08ADVENTURE2005 270,000 CRUDE RELIANCEAGJAMNAGAR RNR
Feb-05SEAKING2005 260,000 CRUDE PETROBRASBRAZILCHINA WS 64
Feb-04BW BAUHINIA2007 270,000 CRUDE HMMRAS TANURABATAAN WS 61.5




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