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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
Jul-28NEW VANGUARD2011 260,000 DIRTY BPCLW AFRICACOCHIN USD 2500000
Jul-28XIN NING YANG2005 270,000 DIRTY UNIPECAGCHINA RNR
Jul-28FRONT ENERGY2004 270,000 DIRTY UNIPECAGCHINA WS 40
Jul-28ATLANTIC PIONEER2009 270,000 DIRTY TONENAGJAPAN RNR
Jul-28NEW DRAGON2010 260,000 DIRTY UNIPECW AFRICACHINA RNR
Jul-28BW UTAH2001 270,000 DIRTY SK ENERGYAGULSAN WS 35
Jul-28TSUSHIMA2008 270,000 DIRTY DAY HARVESTAGCHINA WS 34
Jul-27DALIAN VENTURE2011 270,000 DIRTY ENIAGSINGAPORE WS 37.5
Jul-27C. DREAM2000 270,000 DIRTY EXXONMOBILAGSINGAPORE WS 35
Jul-27ATHENIAN HARMONY2010 270,000 DIRTY PETROCHINACARIBSSINGAPORE RNR
Jul-27NEW CENTURY2004 270,000 DIRTY UNIPECCARIBSCHINA RNR
Jul-27NEW CONSTANT2016 260,000 DIRTY UNIPECW AFRICACHINA RNR
Jul-27FRONT ENERGY2004 270,000 DIRTY UNIPECAGCHINA WS 40
Jul-27TAI HUNG SAN2010 270,000 DIRTY GLASFORDAGCHINA WS 40
Jul-27NEWTON2009 270,000 DIRTY SK ENERGYAGKOREA WS 35
Jul-27NEW PROSPERITY1999 270,000 DIRTY RELIANCEBASRAH OIL TERMINALJAMNAGAR WS 38.5
Jul-27BW UTAH2001 270,000 DIRTY SK ENERGYAGKOREA WS 35
Jul-27DESH VAIBHAV2005 260,000 DIRTY IOCAGBAMI TERMINALEC INDIA USD 2800000
Jul-26HUA SAN2008 270,000 DIRTY SPCAGSINGAPORE WS 41
Jul-26ATAKA1998 270,000 DIRTY ST SHIPPINGASH SHIHR TERMINALSINGAPORE WS 43.75




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