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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
Oct-21DABA2012 270,000 CRUDE S.OILAGONSAN WS 42.5
Oct-21XIN PING YANG2001 270,000 CRUDE DAY HARVESTAGCHINA WS 45
Oct-21DESH VISHAL2009 263,000 CRUDE IOCMA AHMADIVADINAR WS 45.25
Oct-21UNIVERSAL QUEEN2005 270,000 CRUDE DAY HARVESTAGCHINA WS 45
Oct-21DESH VIRAAT2008 270,000 CRUDE UNIPECAGCHINA WS 44.5
Oct-21YAMATOGAWA2006 274,000 CRUDE SK CORPAGS KOREA WS 42.25
Oct-21MARAN CENTAURUS1995 270,000 CRUDE UNIPECAGCHINA WS 44.5
Oct-21DS VIDONIA2006 270,000 CRUDE RELIANCEAGJAMNAGAR RNR
Oct-21GREEK WARRIOR2000 270,000 CRUDE UNIPECAGCHINA WS 44.5
Oct-21OVERSEAS MULAN2002 270,000 CRUDE PTTAGTHAILAND WS 45.75
Oct-21AYACUCHO2012 280,000 CRUDE KPCAGUSG RNR
Oct-20KASAGISAN2006 274,000 CRUDE SK CORPAGS KOREA WS 42.25
Oct-20Brightoil Gem2013 270,000 CRUDE PTTAGTHAILAND WS 45
Oct-20GENMAR ULYSSES2003 274,000 CRUDE S.OILRAS TANURAONSAN WS 42
Oct-20PATRIS2000 270,000 CRUDE UNIPECAGCHINA WS 45.5
Oct-20BOSTON2012 280,000 CRUDE PDVARZEWVENEZUELA RNR
Oct-20GREAT LADY2005 260,000 CRUDE IOCW AFRICAPARADIP USD 4760000
Oct-20MARJAN2002 270,000 CRUDE PETROCHINACARIBSSINGAPORE USD 5750000
Oct-20AYACUCHO2012 280,000 CRUDE KPCAGUSG RNR
Oct-20TENKI2007 265,000 CRUDE SHELLAGJAPAN WS 44.5





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