LPG Interesting Moves (Released on 1 July 2016)

Vessels

INPEX has received their first LPG cargo at their terminal in Naoetsu, Japan. Gyxis VLGC, Summit River loaded in Das Island 7-Jun, discharged a partial cargo at Oita, and finally arrived at Naoetsu on 28-Jun to deliver 12kt of LPG.

POSCO has also received their first LPG cargo at their terminal in Gwangyang, S. Korea. Petredec’s Morston discharged a partial cargo there on 24-Jun, and is now expected by the port of Daesan, ETA 4-Jul.

Vitol’s G. Symphony discharged a partial cargo in Mailiao, and after missing her laycan in China, is now heading toward Nipah Anch. for potential STS operations, ETA 6-Jul.

There has been an increase in STS operations in Asia over the past month. Shell has performed several of these at Nipah Anch in Indonesia, and at Male Anch. in the Maldives. Shell VLGCs involved in these STS transactions at these anchorages include:

  • Comet, who loaded in Nederland 13-Apr.
  • BW Nice, who loaded via STS with Comet at Nipah Anch.
  • Hellas Sparta ,who loaded in Nederland 8-May.
  • Shahrastani loaded in Nederland 15-Jun, and is on her way to Male Anch, ETA 21-Jul.

BW Orion was originally heard by the market to be fixed by Vitol for July loading in Soyo. Due to maintenance at the plant, the fixture was cancelled, and she is now open for charter.

Other news in West Africa:

  • Monsoon has been fixed by Vitol for loading in Bonny, ETA 4-Jul.
  • BW Sakura was originally fixed by Statoil for loading in Kaarstoe, but the charter was later cancelled. She is now ballasting toward Bonny, ETA 22-Jul.
  • Total’s Hellas Gladiator is heading to Bonny for loading. Our Shipping Calculator estimates she will reach the port by 8-Jul.
  • BW Princess has been fixed by Chevron to load in Sanha, ETA 14-Jul. She is currently on her way to Beira, ETA 4-July.
After completing a voyage from Targa to Sendai for Gunvor, Ernest N ballasted through the Panama Canal from the Pacific side, and instead of heading to Houston, she has now docked at Pajaritos. The last 2 LPG vessels at the terminal (handy-size and larger) re-exported cargoes to Europe.

Thailand LPG Imports
Thailand has announced that they would stop LPG imports next month due to low demand and sufficient supply.
There is one VLGC currently headed toward the country: Shell’s Dorset loaded in Umm Said and is signaling for Rayong, ETA 2-Jul.
Here is a look at the breakdown of Thai imports by country of origin for 2016 YTD (on-board vessels 20k cbm and above):
Thai imports by origin

Flows

Ton Miles

Below is the sum of ton miles (in million tons) for each fleet of 3 selected shipowners:

Japan-China-S.Korea-Taiwan
As the largest LPG importing region, here is a breakdown of Far East LPG flows:
Japan, China, S.Korea, Taiwan imports
Japan, China, S.Korea, Taiwan imports by country of origin, 2016 YTD

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