LPG Interesting Moves (Released on 12 May 2016)

SK has fixed Shell’s VLGC, Bu Sidra to load a C3 cargo in Marcus Hook ETA 12-May; she is then expected to head Far East. There are two more VLGCs on their way to Marcus Hook- BW SakuraETA 23-May, and Captain John NP ETA 5-Jun.

S. Korea, who usually imports LPG from the Persian Gulf and USGC, is expecting a cargo from Peru. Trafigura’s Bakken Lady loaded a cargo in Pisco 6-May, and is now signaling a discharge in Incheon ETA 11-Jun.

On the other side of S. America, Astomos has delivered a partial propane cargo onboard theirLegend Prosperity to Petrobras in Suape 7-May. The vessel is now expected by the port of Santos ETA 12-May to discharge the remainder of her cargo.

Cratis was originally fixed by Glencore for a loading in Houston at the end of May. She has now been fixed by Sahara to load in Escravos, where she is currently waiting. Glencore has instead fixed Concorde for a loading in Houston ETA 16-May.

BW Orion, who just came off a voyage for EDFT, was originally signaling a load in Bonny ETA 3-Jun. She has now switched course and is expected by the market to head to the dry docks in the Persian Gulf.

Several vessels are underway to load their maiden cargoes:

As mentioned previously, there are currently 3 VLGCs expected in Marcus Hook within the next 4 weeks. We can therefore see a significant month-to-month increase in exports in May:

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