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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
Apr-28HONG KONG SPIRIT2013 270,000 CRUDE UNIPECAGCHINA RNR
Apr-28CAPTAIN X. KYRIAKOU2013 260,000 CRUDE IOCAGBAMI TERMINALVADINAR USD 3300000
Apr-28GENER8 NAUTILUS2016 270,000 CRUDE CHEVTEXAGYOSU RNR
Apr-28LONG HU SAN2012 270,000 CRUDE GLASFORDAGCHINA BAY RNR
Apr-28LUCKY TRADER2000 270,000 CRUDE DAY HARVESTBASRAH OIL TERMINALCHINA WS 50
Apr-28GENER8 POSEIDON2002 260,000 CRUDE PETROINEOS EAST WS 56
Apr-28ARGENTA2005 270,000 CRUDE HMMMA AHMADIBATAAN WS 46
Apr-28ATHINA2005 270,000 CRUDE PETROINEOSHOUND POINTEAST USD 5800000
Apr-28YUAN YANG HU2010 270,000 CRUDE UNIPECAGCHINA RNR
Apr-28ATHENIAN FREEDOM2013 260,000 CRUDE IOCAGBAMI TERMINALWC INDIA USD 3300000
Apr-28MEANDROS2000 270,000 CRUDE EXXONMOBILAGSINGAPORE RNR
Apr-28XIN YUE YANG2009 270,000 CRUDE UNIPECAGCHINA RNR
Apr-28SMITI2005 270,000 CRUDE HMMAGONSAN RNR
Apr-28OLYMPIC LEGEND2003 260,000 CRUDE RELIANCEDALIA TERMINALWC INDIA USD 3200000
Apr-28NEW DIAMOND2000 270,000 CRUDE CNRAGEAST RNR
Apr-28BUNGA KASTURI EMPAT2007 260,000 CRUDE PETROBRASBRAZILEAST WS 49.5
Apr-28MARAN CALLISTO1999 270,000 CRUDE UNIPECAGCHINA WS 49
Apr-27CHRYSSI2000 260,000 CRUDE IOCSERPENTINA FPSOPARADIP USD 3450000
Apr-27MESDAR2007 270,000 CRUDE UNIPECAGCHINA WS 52.5
Apr-27OLYMPIC TROPHY2010 260,000 CRUDE SOCARCEYHAN TERMINALTAIWAN USD 5250000




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