LPG Interesting Moves (Released on 11 August 2016)

Vessels

Sonatrach’s Hassi Messaoud 2 loaded in Bethioua on 5-Aug, and is signaling for Santos, ETA 20-Aug. This is both the vessel’s second voyage from Bethioua to Santos, and Brazil’s 3rd cargo from Algeria this year.
Statoil’s BW Aries loaded in Kaarstoe 27-Jul and transferred her cargo via STS in Gibraltar to Sirocco, who is now headed Far East, ETA 4-Aug. BW Aries is ballasting toward Houston, ETA 19-Aug.
British Courage was originally expected to load at Enterprise on 10-Aug. After reaching the Caribbean on 6-Aug, she diverted her course and updated her AIS for Gibraltar, ETA 15-Aug. She has been fixed by Vitol for loading in Algeria.
In addition to British Courage, there are 2 other VLGCs expected to load in Algeria toward the end of this month, with all cargoes headed Far East. The lifters include Vitol (British Courage), Statoil (BW Sakura) and Shell (Captain Markos Nl):
August VLGC loadings in Algeria

 

British Courage diversion from Houston to Algeria
Floating Storage in Asia
Many of the large cargoes that were floating in the past few weeks continue to do so:
  • Singapore
    • Progress loaded via STS with BW Carina on 27-Jul. at Nipah Anch. BW Carina has been fixed by Sunoco for loading in Marcus Hook, ETA 28-Aug.
    • Berge Nantong loaded via STS operations at Nipah Anch. on 7-Jul, and 16-Jul.
    • Promise loaded via STS at Nipah Anch. on 11-Jul.
    • Ming Long loaded also loaded via STS at Nipah Anch. on 15-Jul.
    • Sun Aries loaded a Bonny-sourced cargo via STS with Monsoon at Nipah Anch. on 3-Aug.
    • Venus Glory loaded a propane cargo in Umm Said on 28-Jul, and has been floating around Singapore since 9-Aug.
  • Far East
    • Constellation loaded in Enterprise on 24-May and has been sitting outside of Ningbo since 9-Jul.
    • Lubara loaded in Bethioua on 27-Jun and was last seen floating just south of Taiwan. Her last AIS position was received on 8-Aug.
    • Gas Star loaded in Enterprise on 15-Jun, and finished discharging in Ulsan on 7-Aug. She has since been sitting off the southern coast of Japan.
  • Floating Storage Now Moving
    • Gas Diana loaded partial cargoes in Sitra and Al Ruwais on 17-Jul, and sat in Singapore from 28-Jul to 8-Aug before currently heading north through the S. China Sea. Her last AIS before stopping in Singapore was signaling for Japan.

Vessels Waiting for Order

There are a number of large ballast vessels that have anchored or have been drifting for several days, waiting for further orders. Below are a few highlights:

Ust-Luga Exports by Installation Destination

Monthly Flows: July saw Ust-Luga’s second highest month in terms of exports this year at 141 kt, right after March which was at 149 kt.

Yearly Flows: To date, exports from the terminal are lower than they were at the same time last year: 925 kt in 2015 vs. 896 kt in 2016.

Yearly Flows by Installation: This year, the top 3 destinations so far for Ust-Luga cargoes have been Stenungsund (224 kt), Rafnes (130 kt), and Le Havre (97 kt).

Below: A complete graph of Ust-Luga Exports by Installation, as well as a partial snapshot in table form:

Panama Canal vs. Cape of Good Hope

Vessels from Houston to Far East

Panama Canal: There have been 15 vessels that have passed through the canal on their way Far East, and 2 VLGCs have loaded and are signaling for Panama- G. Paragon and Pazifik.

Cape of Good Hope: 10 vessels loaded in the USGC, and are headed Far East via the Cape.

Cargoes from Houston to Far East

Panama Canal: 640 kt have passed through from the U.S. to Far East, while 77 kt are currently headed toward the canal.

Cape of Good Hope: Since the expansion, 427 kt of LPG have headed Far East and have gone around the Cape.

Below: Cargoes headed Far East via Panama vs. Cape. Dates based on cargo loading date:

Landed “Panama Canal” cargoes by destination

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