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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
Sep-27ITHAKI2011 130,000 CRUDE CHEVTEXAGDURBAN WS 70
Sep-27TBN VESSEL  280,000 CRUDE ENIBASRAH OIL TERMINALUSG WS 23
Sep-27HONG KONG SPIRIT2013 270,000 CRUDE PETROCHINACARIBSSINGAPORE RNR
Sep-27DABA2012 270,000 CRUDE CNRMALTASINGAPORE USD 3100000
Sep-27C. PASSION2013 280,000 CRUDE CHEVTEXAGYOSU WS 34
Sep-27MARBAT2008 270,000 CRUDE ST SHIPPINGHOUND POINTS KOREA USD 4150000
Sep-27DHT CONDOR2004 270,000 CRUDE PTTAGTHAILAND WS 39
Sep-27T. PROGRESS2002 270,000 CRUDE PTTAGTHAILAND WS 37
Sep-27SHANGHAI2015 260,000 CRUDE PETROBRASBRAZILCHINA WS 49.5
Sep-27ASIAN PROGRESS III2004 270,000 CRUDE MITSUBISHIAGJAPAN WS 35
Sep-27BUNGA KASTURI LIMA2007 260,000 CRUDE VITOLW AFRICASINGAPORE WS 49
Sep-26ATAKA1998 270,000 CRUDE PTTAGTHAILAND WS 32
Sep-26CERIGO2000 132,000 DIRTY IOCBASRAH OIL TERMINALWC INDIA WS 95
Sep-26AL YARMOUK2014 270,000 CRUDE SK ENERGYRAS TANURAS KOREA WS 33.5
Sep-26ATLANTIC PIONEER2009 270,000 CRUDE TONENAGJAPAN WS 34
Sep-26OLYMPIC LIGHT2011 280,000 CRUDE KOCHBASRAH OIL TERMINALUSG WS 21.5
Sep-23FRONT STRATUS2002 270,000 CRUDE ESSARCARIBSWC INDIA USD 2470000
Sep-23EURO DESTINY2003 132,000 CLEAN IOCBASRAH OIL TERMINALWC INDIA WS 95
Sep-23DESH UJAALA2005 270,000 CRUDE IOCBASRAH OIL TERMINALWC INDIA RNR
Sep-23NEW PIONEER2010 270,000 CRUDE UNIPECAGCHINA RNR




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