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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-23MARAN REGULUS2000 270,000 CRUDE CNRAGMALACCA WS 45
Oct-23CHANG JIANG ZHI XIANG2011 270,000 CRUDE UNIPECAGCHINA RNR
Oct-23YANGTZE BRAVERY2011 270,000 CRUDE UNIPECAGCHINA RNR
Oct-23FLANDRE2004 270,000 CRUDE PETROCHINACARIBSSINGAPORE RNR
Oct-23SYNERGY QUEEN2010 270,000 CRUDE UNIPECMA FAHALCHINA WS 46.5
Oct-23FPMC C MELODY2011 270,000 CRUDE S.OILAGONSAN RNR
Oct-23RENE2002 260,000 CRUDE CPCAGTAIWAN WS 45
Oct-23YANGTZE SPLENDOR2010 270,000 CRUDE UNIPECAGCHINA RNR
Oct-23UNIVERSAL PRIME1997 270,000 CRUDE RELIANCECARIBSWC INDIA RNR
Oct-22KAMAKSHI PREM2006 280,000 CRUDE LITASCOBASRAH OIL TERMINALUSG WS 24.5
Oct-22ARMADA ULYSSES1999 270,000 CRUDE NPIBASRAH OIL TERMINALYINGKOU WS 45
Oct-22MARBELLA2000 270,000 CRUDE HYUNDAI OILBANKMA AHMADIDAESAN WS 42
Oct-22YAMATOGAWA2006 274,000 CRUDE SK CORPAGS KOREA WS 42.25
Oct-22SEA LYNX2004 280,000 CRUDE SEARIVERAGUSG WS 22.5
Oct-22C CHALLENGER2013 270,000 CRUDE CHEVTEXAGYOSU RNR
Oct-22OCEANIS2011 260,000 CRUDE PETROBRASBRAZILCHINA WS 50
Oct-22SHOSHONE SPIRIT2010 270,000 CRUDE SEARIVERAGSINGAPORE RNR
Oct-21DABA2012 270,000 CRUDE S.OILRAS TANURAONSAN 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





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