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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
May-21FRONT CECILIE2010 270,000 CRUDE PETROCHINACARIBSCHINA RNR
May-21SAMAIL2011 270,000 CRUDE ESSARCARIBSWC INDIA USD 6100000
May-21BW OPAL2011 260,000 CRUDE RELIANCEW AFRICAWC INDIA USD 4800000
May-21OLYMPIC LEOPARD2011 270,000 CRUDE RELIANCEAGSIKKA RNR
May-21TBN VESSEL0 267,000 CRUDE IOCBASRAH OIL TERMINALVADINAR WS 114.5
May-21OLYMPIC LUCK2010 280,000 CRUDE PETROBRASAGBRAZIL WS 51
May-20GENMAR ZEUS2010 280,000 CRUDE LITASCOBASRAH OIL TERMINALUKC WS 50
May-20NOBLE2008 260,000 CRUDE PETROBRASBRAZILEAST WS 71
May-20NEW PROSPERITY1999 270,000 CRUDE PTTAGTHAILAND WS 83
May-20EVGENIA I2011 267,000 CRUDE IOCBASRAH OIL TERMINALVADINAR WS 114.5
May-20BIRDIE2005 270,000 CRUDE ESSARBASRAH OIL TERMINALVADINAR WS 105
May-20TAI SAN2009 270,000 CRUDE SPCAGSINGAPORE RNR
May-20DAR SALWA2010 270,000 CRUDE PETROINEOSROTTERDAMSINGAPORE USD 6000000
May-20NEWTON2009 280,000 CRUDE IRVINGRAS TANURAEC CANADA WS 47.5
May-20OLYMPIC LOYALTY II2005 270,000 CRUDE PETROCHINACARIBSSINGAPORE RNR
May-20MESDAR2007 270,000 CRUDE UNIPECAGCHINA WS 71.5
May-19NEW PROSPERITY2015 270,000 CRUDE PTTAGTHAILAND WS 83
May-19DHT CONDOR2004 270,000 CRUDE SHELLAGSINGAPORE WS 85
May-19POROS2000 270,000 CRUDE UNIPECAGCHINA WS 71.5
May-19TBN VESSEL0 270,000 CRUDE PETROCHINACARIBSSINGAPORE USD 7000000




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