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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-29SELMA B2010 131,000 CRUDE BPCLRAS TANURAKOCHI WS 65
Aug-29C NOBILITY2012 270,000 CRUDE UNIPECAGCHINA WS 42
Aug-29COSGOLD LAKE2011 260,000 CRUDE UNIPECW AFRICACHINA RNR
Aug-29ASTRO CHALLENGE2002 270,000 CRUDE PETRONASAGEAST WS 54
Aug-29MARINA2009 260,000 CRUDE HPCLQUA IBOEVISAKHAPATNAM USD 3900000
Aug-28NEW ANDROS1999 267,000 CRUDE IOCBASRAH OIL TERMINALVADINAR WS 56
Aug-28BUNGA KASTURI EMPAT2007 270,000 CRUDE PETROCHINACARIBSEAST USD 6000000
Aug-28SHINYO SAOWALAK2010 270,000 CRUDE UNIPECCARIBSSINGAPORE USD 6100000
Aug-28SIFA2011 280,000 CRUDE CHEVTEXAGUSWC WS 39
Aug-28ASTRO CHALLENGE2002 270,000 CRUDE SHELLAGEAST RNR
Aug-28STARLIGHT VENTURE2004 270,000 CRUDE HYUNDAI OILBANKAGDAESAN WS 42.5
Aug-28C SPIRIT2013 270,000 CRUDE UNIPECAGCHINA RNR
Aug-28ULRIKEN1998 280,000 CRUDE S.OILRAS TANURAS KOREA WS 40.5
Aug-28DELTA MILLENNIUM2000 260,000 CRUDE CNRW AFRICAEAST RNR
Aug-28NOBLE2008 270,000 CRUDE PETROCHINACARIBSSINGAPORE USD 6100000
Aug-28LONG HU SAN2012 270,000 CRUDE GLASFORDAGCHINA WS 50
Aug-28RUBY IV2000 267,500 CRUDE FORMOSAAGTAIWAN WS 39.5
Aug-28SASA2001 280,000 CRUDE TESOROAGUSWC WS 39
Aug-28MAERSK SANDRA2011 270,000 CRUDE ENGENRAS TANURADURBAN WS 52.5
Aug-27TBN VESSEL0 270,000 CRUDE UNIPECAGCHINA WS 48





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