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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
Nov-25XIN AN YANG2007 270,000 CRUDE DAY HARVESTAGCHINA WS 57.5
Nov-25YANGTZE SPRING2009 270,000 CRUDE UNIPECAGCHINA RNR
Nov-25KIMOLOS1998 280,000 CRUDE PETROBRASRAS TANURABRAZIL WS 32
Nov-25DHT FALCON2006 270,000 CRUDE TOTAL/FINA/ELFAGSOUTH AFRICA WS 65
Nov-25HARAD2001 270,000 CRUDE PETROCHINACARIBSSINGAPORE USD 7200000
Nov-25PROGRESS2000 270,000 CRUDE RELIANCEAGSIKKA WS 55
Nov-25CAESAR2009 280,000 CRUDE SHELLBASRAH OIL TERMINALUKC WS 34
Nov-25STARLIGHT VENTURE2004 270,000 CRUDE S.OILRAS TANURAONSAN RNR
Nov-25ASTIPALAIA2001 280,000 CRUDE CHEVTEXRAS TANURAUSWC WS 52.5
Nov-25ALSACE2012 280,000 CRUDE LITASCOBASRAH OIL TERMINALUSG WS 34
Nov-24BW BAUHINIA2007 260,000 CRUDE RELIANCE JAMNAGAR USD 4600000
Nov-24BW PEONY2011 270,000 DIRTY UNIPECUSGSINGAPORE USD 6850000
Nov-24TAI SAN2009 270,000 CRUDE GLASFORDAGCHINA WS 57.75
Nov-24ELIZABETH M2010 270,000 CRUDE UNIPECAGCHINA RNR
Nov-24AUSTRALIS2003 270,000 CRUDE UNIPECAGCHINA WS 56.5
Nov-24ANTONIS I. ANGELICOUSSIS2000 270,000 CRUDE SEARIVERAGEAST WS 55.75
Nov-24TBN VESSEL0 275,000 CRUDE PETROCHINACARIBSSINGAPORE USD 6950000
Nov-21SAMCO SCANDINAVIA2006 270,000 CRUDE PTTRAS TANURARAYONG WS 55
Nov-21BIRDIE2005 260,000 CRUDE IOCGIRASSOLPARADIP USD 4700000
Nov-21WU TAI SAN2011 270,000 CRUDE PETROINEOSROTTERDAMSINGAPORE USD 5500000





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