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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
May-26QI LIAN SAN2012 260,000 CRUDE CPCW AFRICATAIWAN WS 56
May-26FRONT SIGNE2010 280,000 CRUDE BAHRIAGRED SEA RNR
May-26MARAN CAPRICORN2008 270,000 CRUDE EXXONMOBILAGWEST RNR
May-26ATHENIAN HARMONY2010 280,000 CRUDE LITASCOBASRAH OIL TERMINALUSG WS 32
May-26OLYMPIC LEADER2005 270,000 CRUDE TOTALAGSINGAPORE WS 58.5
May-26DESH VAIBHAV2005 270,000 CRUDE RELIANCEAGJAMNAGAR RNR
May-26SEA HERO2006 260,000 CRUDE PETROBRASBRAZILEAST WS 47.5
May-26MARAN CASTOR2001 270,000 CRUDE EXXONMOBILAGEAST WS 55
May-26ATHENIAN GLORY2011 260,000 CRUDE IOC PARADIP USD 3600000
May-26BW UTAH2001 270,000 CRUDE UNIPECAGCHINA WS 52
May-25BOYACA2013 270,000 CRUDE GLASFORDMA FAHALCHINA RNR
May-25DHT JAGUAR2015 270,000 CRUDE CHEVTEXAGEAST RNR
May-25SEA HERO2006 260,000 CRUDE PETROBRASBRAZILEAST WS 47.5
May-25ADVENTURE2005 260,000 CRUDE DAY HARVESTW AFRICACHINA WS 56.5
May-24ATHENIAN GLORY2011 280,000 CRUDE LITASCOBASRAH OIL TERMINALUSG WS 32
May-24SAMCO EUROPE2007 260,000 CRUDE SHELLHOUND POINTS KOREA USD 5250000
May-24GENMAR ZEUS2010 270,000 CRUDE SHELLMA FAHALMAI LIAO WS 56
May-24DESH VISHAL2009 265,000 CRUDE IOCBASRAH OIL TERMINALVADINAR WS 70
May-24XIN RUN YANG2009 280,000 CRUDE EXXONMOBILAGUSG WS 32.25
May-23HYUNDAI SUN1998 270,000 CRUDE CNRAGEAST RNR




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