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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-26BRIGHTOIL GRAVITY2012 270,000 CRUDE RELIANCEAGJAMNAGAR WS 35
Sep-26UNIVERSAL BRAVE1997 265,000 CRUDE UNIPECAGCHINA WS 33
Sep-26SARA2011 270,000 CRUDE S.OILRAS TANURAONSAN WS 33.5
Sep-26DS VISION2011 270,000 CRUDE PTTAGTHAILAND WS 34
Sep-26SIMONE2012 270,000 CRUDE PETROCHINACARIBSSINGAPORE USD 5000000
Sep-26HYUNDAI SUN1998 270,000 CRUDE RELIANCEAGWC INDIA RNR
Sep-26GC HAIKOU2000 260,000 CRUDE RELIANCEW AFRICAWC INDIA USD 3200000
Sep-26SAMCO AMAZON2011 260,000 CRUDE UNIPECW AFRICACHINA RNR
Sep-26BW BAUHINIA2007 270,000 CRUDE UNIPECAGCHINA WS 33.5
Sep-25ATHENIAN SUCCESS2010 270,000 CRUDE UNIPECBASRAH OIL TERMINALCHINA WS 36.5
Sep-25UNIVERSAL BRAVE1997 265,000 CRUDE UNIPECAGCHINA WS 33
Sep-25CHANG JIANG ZHI RONG2010 270,000 CRUDE UNIPECAGCHINA RNR
Sep-25CHANG JIANG ZHI RUI2012 270,000 CRUDE DAY HARVESTAGCHINA RNR
Sep-25CHANG JIANG ZHI YAO2011 270,000 CRUDE UNIPECAGCHINA RNR
Sep-25DS VISION2011 250,000 CRUDE PTTAGTHAILAND WS 34
Sep-25ALMIZAN STAR2008 280,000 CRUDE RELIANCECOVENASJAMNAGAR USD 4600000
Sep-24TAMAGAWA2007 270,000 CRUDE FORMOSAAGTAIWAN WS 33
Sep-24TBN VESSEL0 275,000 CRUDE RELIANCECARIBSWC INDIA USD 4600000
Sep-24YANGTZE STAR1994 260,000 CRUDE CPCAGTAIWAN WS 31.75
Sep-24ELIZABETH I A2004 270,000 CRUDE SPCAGSINGAPORE WS 34





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