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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
Mar-30ADVENTURE2005 270,000 CRUDE SHELLAGEAST WS 52.5
Mar-30PHOENIX VIGOR2009 270,000 CRUDE IDEMITSUAGJAPAN RNR
Mar-30ASIAN PROGRESS III2004 270,000 CRUDE SEARIVERAGSINGAPORE RNR
Mar-30NEW RESOURCE2010 270,000 CRUDE CHEVTEXAGYOSU RNR
Mar-30TBN VESSEL0 270,000 CRUDE PETROCHINACARIBSSINGAPORE USD 6200000
Mar-30BW LOTUS2011 270,000 CRUDE CNRAGCHINA RNR
Mar-30NEW DRAGON2010 260,000 CRUDE DAY HARVESTW AFRICACHINA RNR
Mar-30GENMAR ATLAS2007 270,000 CRUDE RELIANCEAGJAMNAGAR WS 51
Mar-30MARINA M2000 274,000 CRUDE S.OILRAS TANURAONSAN WS 46
Mar-30MARAN CORONA2003 260,000 CRUDE CPCW AFRICATAIWAN WS 51
Mar-30NEW KASSOS2000 270,000 CRUDE RELIANCEAGJAMNAGAR RNR
Mar-30SASA2001 280,000 CRUDE TESOROAGUSWC RNR
Mar-27NEW DREAM2014 280,000 CRUDE SEARIVERAGUSG WS 25
Mar-27EVGENIA I2011 260,000 CRUDE IOCBONNYWC INDIA USD 4350000
Mar-27FRONT CECILIE2010 280,000 CRUDE LITASCOBASRAH OIL TERMINALUSG WS 27
Mar-27MILTIADIS JUNIOR2014 260,000 CRUDE UNIPECW AFRICACHINA WS 50
Mar-27BW LAKE2004 280,000 CRUDE BAHRIRAS TANURAUSG WS 26
Mar-27SHAYBAH2008 270,000 CRUDE MERCURIACARIBSSINGAPORE RNR
Mar-27LU SAN2009 270,000 CRUDE DAY HARVESTAGCHINA RNR
Mar-26MARBELLA2000 270,000 CRUDE UNIPECAGCHINA WS 47




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