LPG Interesting Moves (Released on 19 May 2016)

There are several VLGCs expected in NWE over the following weeks. Of these vessels, 2 are currently expected by the Port of Terneuzen:

  • SK’s Bu Sidra loaded in Marcus Hook and was originally expected to head Far East. She is now heading to Terneuzen ETA 27-May.
  • Glencore’s G. Paragon loaded in Nederland 12-May with an ETA of 29-May for Terneuzen.

Vitol’s VLGC, BW Kyoto loaded at Enterprise 12-May, and is also on her way to the ARA region ETA 28-May.

Sunoco’s BW Sakura will load a 3:1 C3:C4 cargo at Marcus Hook ETA 22-May, and is expected by the market to discharge in Terneuzen.

Finally, Mercuria will load a cargo on-board Captain John Np ETA 5-Jun; the vessel is expected to discharge in Stenungsund.

On the other hand, there is currently one VLGC heading out of NWE. Statoil’s Clipper Jupiterloaded partial cargoes at Braefoot Bay 8-May, and Hammerfest 13-May. She is now signalling a Far East discharge.

Upcoming VLGCs expected in NWE

Saudi Aramco has recently entered into an LPG supply contract with Wanhua Chemical – this is their 1st LPG contract with a Chinese chemical producer. The first cargo under this contract was loaded at Ras Tanura 26-Apr on-board the Astomos-chartered VLGC Lavender Passage. She completed discharging the 42kt cargo at Wanhua’s terminal in Yanhai on 18-May.

Glencore’s Sloman Ariadne loaded a cargo at Kharg Island, Iran 16-May. She is currently docked at Fujairah Anch. and is expected by the market to head to E. Africa.

As mentioned in last week’s email, Trafigura’s Bakken Lady loaded at Pisco on 6-May, and is now on her way to Incheon ETA 11-Jun. Clipper Moon, who is also fixed by Trafigura, is traveling across the Pacific to load at Pisco ETA 28-May.

In the current month of May, S. Korea has imported the majority of their cargoes from the U.S. The following charts below show a breakdown of May imports by country, and Mar-May imports by region (May figures incl. expected vessels):

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