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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-26ALTER EGO2001 280,000 CRUDE CHEVTEXAGUSWC WS 40
Aug-26ABBY2010 270,000 CRUDE LITASCOCYPRUSSINGAPORE USD 2950000
Aug-26XIN XIA YANG2011 260,000 CRUDE UNIPECW AFRICACHINA RNR
Aug-26BRIGHTOIL GRACE2012 270,000 CRUDE PTTAGTHAILAND WS 50.5
Aug-26ALFA GLORY1997 270,000 CRUDE RELIANCEAGWC INDIA RNR
Aug-22LEONIDAS2009 270,000 CRUDE SEARIVERAGSINGAPORE WS 51.5
Aug-22TBN VESSEL0 260,000 CRUDE IOCW AFRICAVADINAR USD 4050000
Aug-22DESH VIRAAT2008 270,000 CRUDE UNIPECAGCHINA WS 49
Aug-22YANGTZE BRAVERY2011 270,000 CRUDE UNIPECRAS TANURACHINA RNR
Aug-22OVERSEAS EVEREST2010 270,000 CRUDE PETROINEOSROTTERDAMSINGAPORE USD 5000000
Aug-22BRIGHTOIL GALAXY2012 267,500 CRUDE CNOOCBASRAH OIL TERMINALRIZHAO WS 50
Aug-22KOKKARI2008 270,000 CRUDE PTTAGTHAILAND WS 48
Aug-22Eagle Varna2013 270,000 CRUDE CNRCARIBSSIKKA USD 5300000
Aug-22UNIVERSAL CROWN2005 260,000 CRUDE IOCBONNYVADINAR USD 4050000
Aug-22SILVER GLORY2001 265,000 CRUDE UNIPECAGCHINA WS 49.25
Aug-21XIN NING YANG2005 265,000 CRUDE UNIPECAGCHINA RNR
Aug-21EVGENIA I2011 260,000 CRUDE UNIPECW AFRICACHINA WS 53.5
Aug-21COSGOLD LAKE2011 265,000 CRUDE UNIPECAGCHINA RNR
Aug-21BRITISH VANTAGE2014 270,000 CRUDE UNIPECSKAWCHINA USD 5750000
Aug-21NEW PROGRESS1994 272,000 CRUDE IOCMA AHMADIVADINAR WS 56





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