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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-02MISTRAL2000 270,000 CRUDE RELIANCECARIBSWC INDIA RNR
Jul-02MARAN GEMINI1999 270,000 CRUDE EXXONMOBILAGSINGAPORE WS 61.5
Jul-02APOLLONIA2003 260,000 CRUDE RELIANCEW AFRICAWC INDIA USD 5450000
Jul-02BRIGHTOIL GEM2013 270,000 CRUDE UNIPECAGCHINA RNR
Jul-02COSGRACE LAKE2006 260,000 CRUDE CPCW AFRICATAIWAN WS 65
Jul-02BUNGA KASTURI DUA2005 253,000 CRUDE IOCDAS ISLANDVADINAR WS 82.5
Jul-02HAKATA2010 280,000 CRUDE LITASCOBASRAH OIL TERMINALEAST WS 67
Jul-01CHINA SHIPPING TBN2009 260,000 CRUDE UNIPECW AFRICACHINA WS 65
Jul-01APOLLONIA2003 260,000 CRUDE RELIANCEW AFRICAWC INDIA USD 5450000
Jul-01NEW CENTURY2004 260,000 CRUDE UNIPECCABINDACHINA RNR
Jul-01NAVE ELECTRON2002 270,000 CRUDE HYUNDAI OILBANKAGDAESAN WS 61
Jul-01PIONEER1999 280,000 CRUDE SEARIVERAGSINGAPORE WS 61.5
Jul-01CAPTAIN X. KYRIAKOU2013 270,000 CRUDE CNRROTTERDAMSINGAPORE USD 6125000
Jun-30ATHENIAN SUCCESS2010 260,000 CRUDE RELIANCEW AFRICAWC INDIA WS 66.5
Jun-30SAMCO AMAZON2011 270,000 CRUDE DAY HARVESTBASRAH OIL TERMINALCHINA WS 63
Jun-30MARAN REGULUS2000 260,000 CRUDE PETROBRASBRAZILEAST WS 61.5
Jun-30HANJIN RAS TANURA2011 270,000 CRUDE CHEVTEXAGEAST WS 66.5
Jun-30EVGENIA I2011 267,000 CRUDE IOCBASRAH OIL TERMINALVADINAR WS 94
Jun-29BOYACA2013 260,000 CRUDE CNRCABINDACHINA RNR
Jun-29GLOBAL M1998 270,000 CRUDE HMELAGMUNDRA WS 80




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