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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-21NEW PROGRESS1994 267,000 CRUDE IOCBASRAH OIL TERMINALWC INDIA WS 58
Jul-21ARGENTA2005 270,000 CRUDE RELIANCECARIBSSIKKA USD 4600000
Jul-21SKOPELOS2002 260,000 CRUDE UNIPECW AFRICACHINA WS 47.5
Jul-21ELIZABETH M2010 272,000 CRUDE IOCMINA AL AHMADISIKKA WS 45
Jul-21HEMSEDAL SPIRIT2010 260,000 CRUDE PETROINEOSW AFRICACHINA WS 47.5
Jul-21POLEMBROS TBN0 270,000 CRUDE RELIANCEAGJAMNAGAR RNR
Jul-21LAYLA2007 270,000 CRUDE RELIANCECARIBSSIKKA USD 4450000
Jul-21DESH UJAALA2005 270,000 CRUDE SHELLAGSINGAPORE WS 46.5
Jul-21HAKKAISAN2009 270,000 CRUDE SEARIVERAGSINGAPORE WS 45
Jul-21ALEXANDER THE GREAT2010 260,000 CRUDE SHELLNIGERIAUKC WS 65
Jul-18LAYLA2007 270,000 CRUDE UNIPECCARIBSSINGAPORE USD 5350000
Jul-18Xin Dan Yang2013 265,000 CRUDE UNIPECAGCHINA RNR
Jul-18ELIZABETH M2010 180,000 CRUDE BORLRAS TANURASIKKA WS 60
Jul-18GENMAR VISION2001 270,000 CRUDE CNOOCAGCHINA WS 45
Jul-18NEW CREATION2009 265,000 CRUDE UNIPECAGCHINA RNR
Jul-18HEMSEDAL SPIRIT2010 260,000 CRUDE PETROINEOSW AFRICAEAST WS 47.5
Jul-18TANKERS TBN0 280,000 CRUDE TOTAL/FINA/ELFAGUKC WS 27.5
Jul-17FRONT QUEEN2009 280,000 CRUDE LITASCOROTTERDAMSINGAPORE RNR
Jul-17NEW PROSPERITY1999 270,000 CRUDE UNIPECAGYINGKOU WS 44.5
Jul-17Eagle Varna2013 260,000 CRUDE PHILLIPS 66W AFRICAEC CANADA WS 60





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