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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-18BLUE TOPAZ2010 270,000 CRUDE PETROCHINACARIBSSINGAPORE USD 7250000
Dec-18ASTRO CHLOE2009 270,000 CRUDE SEARIVERAGSINGAPORE WS 80
Dec-18MARAN CORONA2003 267,000 CRUDE IOCBASRAH OIL TERMINALPARADIP WS 87
Dec-17ISLAND SPLENDOR2011 270,000 CRUDE DAY HARVESTAGCHINA RNR
Dec-17NEW DIAMOND2000 270,000 CRUDE BP AMOCOBASRAH OIL TERMINALS KOREA WS 75
Dec-17DHT EAGLE2002 270,000 CRUDE TRAFIGURAHOUND POINTS KOREA USD 7125000
Dec-17MARINA2009 264,000 CRUDE IOCAGPARADIP WS 100
Dec-17TBN VESSEL0 270,000 CRUDE MERCURIACHARCO AZULCHINA USD 4800000
Dec-17XIN PING YANG2001 270,000 CRUDE UNIPECAGCHINA RNR
Dec-17COSGRAND LAKE2006 270,000 CRUDE NPIAGYINGKOU RNR
Dec-17ATHENIAN GLORY2011 270,000 CRUDE MERCURIACARIBSSINGAPORE USD 7250000
Dec-17SHINYO KIERAN2011 260,000 CRUDE UNIPECW AFRICACHINA RNR
Dec-17TAIZAN2002 260,000 CRUDE UNIPECW AFRICACHINA WS 68.5
Dec-16GC HAIKOU2000 270,000 CRUDE PETRONASAGMALACCA WS 82.5
Dec-16DS VIDONIA2006 270,000 CRUDE RELIANCEAGJAMNAGAR WS 77.5
Dec-16BRIGHTOIL GRACE2012 270,000 CRUDE GLASFORDZIRKU ISLANDCHINA WS 77.5
Dec-16C. PROSPERITY2009 265,000 CRUDE SHELLAGJAPAN RNR
Dec-16VICTORY 12001 270,000 CRUDE UNIPECAGCHINA WS 77.5
Dec-16ASIAN PROGRESS V2006 270,000 CRUDE SHELLAGJAPAN WS 83
Dec-16UNIVERSAL PRIME1997 280,000 CRUDE BAHRIRAS TANURARED SEA WS 75





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