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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
Jan-27ANDROMEDA2008 280,000 CRUDE UNIPECWC PANAMACHINA USD 4700000
Jan-27CARABOBO2014 280,000 CRUDE BAHRIAGUSG RNR
Jan-27IOANNA2008 260,000 CRUDE KPCMINA AL AHMADIHUIZHOU WS 69.5
Jan-27SELMA B2010 267,000 CRUDE IOCBASRAH OIL TERMINALPARADIP WS 67
Jan-27APOLYTARES2009 280,000 CRUDE UNIPECWC PANAMACHINA USD 4700000
Jan-27BIRDIE2005 246,000 CRUDE IOCRAS TANURAPARADIP WS 68.5
Jan-26AZUMASAN2010 280,000 CRUDE SEARIVERAGUSG RNR
Jan-26TAMAGAWA2007 270,000 CRUDE MITSUBISHIAGJAPAN WS 69.5
Jan-26KALLIOPI2010 270,000 CRUDE PETROCHINACARIBSSINGAPORE USD 7950000
Jan-26TBN VESSEL0 270,000 CRUDE ESSARCARIBSWCI USD 6900000
Jan-23VOSS SPIRIT2010 260,000 CRUDE CPCAGTAIWAN WS 71
Jan-23COSCO TBN2010 270,000 CRUDE PTTAGTHAILAND WS 72.5
Jan-23UNIVERSAL QUEEN2005 250,000 CRUDE IOCZAFIRO PRODUCERPARADIP USD 5750000
Jan-23YIANGOS2010 270,000 CRUDE PTTAGTHAILAND WS 72.5
Jan-23TENJUN2008 280,000 CRUDE SEARIVERMA AHMADIWEST WS 37.5
Jan-23UNIVERSAL CROWN2005 260,000 CRUDE IOCZAFIRO OFFSHORE TERMINALPARADIP USD 5750000
Jan-23C.DIGNITY2009 270,000 CRUDE SPCAGSINGAPORE WS 69
Jan-23STARLIGHT VENTURE2004 260,000 CRUDE PETROBRASBRAZILCHINA WS 76.5
Jan-23C. DREAM2000 270,000 CRUDE PTTAGTHAILAND WS 69
Jan-22TEEKAY TBN0 260,000 CRUDE CPCAGTAIWAN WS 71





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