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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-31H WHALE2011 131,000 CRUDE BPCLAGKOCHI WS 77.5
Jul-31MARBELLA2000 270,000 CRUDE UNIPECAGCHINA WS 43
Jul-31NAUTILUS2006 270,000 CRUDE MITSUBISHIAGJAPAN WS 45
Jul-30SEA LYNX2004 260,000 CRUDE IOCZAFIRO OFFSHORE TERMINALEC INDIA USD 4325000
Jul-30POROS2000 265,000 CRUDE IDEMITSUAGJAPAN WS 49.5
Jul-30DHT CONDOR2004 280,000 CRUDE S.OILRAS TANURAONSAN WS 41.5
Jul-30CHANG JIANG ZHI RONG2010 270,000 CRUDE UNIPECBASRAH OIL TERMINALYINGKOU RNR
Jul-29SAFANIYAH1997 280,000 CRUDE RELIANCEJOSEWC INDIA RNR
Jul-29DABA2012 280,000 CRUDE RELIANCEJOSEWC INDIA RNR
Jul-29MARAN THETIS2011 260,000 CRUDE PETROINEOSW AFRICACHINA WS 52.5
Jul-29FRONT COMMERCE1999 270,000 CRUDE SPCAGSINGAPORE WS 51
Jul-29XIN TONG YANG2009 260,000 CRUDE UNIPECGHANACHINA RNR
Jul-29HARAD2001 280,000 CRUDE PETROCHINACARIBSSINGAPORE RNR
Jul-29MARAN GEMINI1999 270,000 CRUDE SEARIVERAGSINGAPORE WS 50
Jul-29Eagle Vancouver2013 270,000 CRUDE UNIPECCARIBSSINGAPORE RNR
Jul-29ASTIPALAIA2001 260,000 CRUDE RELIANCEW AFRICASIKKA RNR
Jul-28ASHNA1999 247,000 CRUDE IOCRAS TANURAPARADIP WS 58
Jul-28YANGTZE DIAMOND2012 260,000 CRUDE UNIPECW AFRICACHINA RNR
Jul-28TAJIMARE1996 265,000 CRUDE HPCLQUA IBOEVISAKHAPATNAM USD 4500000
Jul-28SYMPHONIC2006 270,000 CRUDE HMMAGBATAAN WS 51





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