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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
Dec-08NEW FRIENDSHIP1999 274,000 CRUDE S.OILAGONSAN WS 78
Dec-08SIFA2011 280,000 CRUDE BAHRIRAS TANURAUSG RNR
Dec-08COSFLYING LAKE2015 280,000 CRUDE BAHRIRAS TANURAUSG RNR
Dec-08COSGLAD LAKE2011 260,000 CRUDE CNRW AFRICAEAST RNR
Dec-08GENER8 OCEANUS2016 260,000 CRUDE PETROBRASBRAZILEAST RNR
Dec-08FRONT QUEEN2009 280,000 CRUDE CNRAGUSG RNR
Dec-08GENER8 APOLLO2016 260,000 CRUDE SHELLURUGUAYCHINA RNR
Dec-07BRITANIS2002 280,000 CRUDE PETROBRASRAS TANURAFUJAIRAH WS 40.5
Dec-07OLYMPIC LIGHT2011 260,000 CRUDE STATOILW AFRICAEAST WS 74.5
Dec-07MILTIADIS JUNIOR2014 280,000 CRUDE TOTALKHARG IS.UKC RNR
Dec-07OLYMPIC LEGEND2003 290,000 CRUDE CNRAGAIN SUKHNA WS 85
Dec-07C SPIRIT2013 260,000 CRUDE PETROINEOSW AFRICACHINA WS 76
Dec-07GREAT LADY2005 280,000 CRUDE SHELLAGUSG WS 44
Dec-07LONG HU SAN2013 270,000 CRUDE GLASFORDAGCHINA RNR
Dec-06TBN VESSEL  260,000 CRUDE BPCLW AFRICAKOCHI USD 4250000
Dec-06APOLLONAS2016 280,000 CRUDE TOTALKHARG IS.WEST RNR
Dec-06SEA LYNX2004 270,000 CRUDE TRAFIGURAROTTERDAMSINGAPORE USD 4150000
Dec-06HANGZHOU2016 270,000 CRUDE BAHRIRAS TANURAOKINAWA WS 70
Dec-06JIU HUA SAN2009 270,000 CRUDE CHINESEAGCHINA WS 70
Dec-06C. MAJESTY2008 270,000 CRUDE DAY HARVESTAGCHINA WS 72.5




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