Kpler LPG (Lower U.S. Exports)

Originally Released on 17 February 2017

Vessels

Americas

Trafigura is experiencing an active week with four of its vessels performing STS at Aruba Anchorage. As expected, BW Pine (ex-Targa) arrived at Aruba Anchorage and is now doing a STS with BW Tucana which arrived at Aruba Anchorage after several STS operations at Lomé Anchorage earlier. BW Prince which was expected in Houston reloaded in Aruba and is now performing a STS with Navigator Galaxy.

VLGC Jia Yuan ex-Targa arrived at Aruba as expected, but did nothing there and is now headed to Panama Canal.

The ballast VLGC’s waiting in front of the Houston Channel because of the fog have finally re-started their voyages to Houston after improvement in weather conditions. The daily export from the Houston is thus expected to raise again in the upcoming days.

SHV’s Mathraki has left Marcus Hook Port for Immingham Port to discharge its 13 Kt propane cargo, ETA 26-Feb. This is the first shipment from the US to the UK since October 2016.

Originally signaling for China, Petredec’s VLGC Clermont is now waiting in front of Chorrillo Port to discharge its 46 Kt propane cargo, ex-Enterprise. Ecuador is experiencing a lot of flows these days with VLGC’s discharging their cargo there.

Europe

LGC Polar is exporting a 32 Kt of propane cargo ex-Mongstad to Newington. Statoil’s vessel is expected in the US by 21-Feb.

Statoil will lift a 44 Kt cargo out of Kaarsto on 5-Mar, destination Far East. The nominated vessel is Hellas Fos.

West Africa

Navigator Luga has started her first voyage signalling for Suez Canal, ETA 21-Feb. This vessel is under Sibur until 2022. Signalling for Suez with ETA 21-Feb, the market expects her in to load in Ust-Luga.

 

Asia / Oceania

RIL Ethane Crystal eventually discharged the rest of her ethane cargo in Dahej. The vessel is expected back in Morgans Point on 10-Mar.

Kumiai Senpaku’s Epic Sardina started her first voyage signalling for Galle Anchorage, ETA 20 Feb.

 

Lowest US Exports to Europe since September
February 2017 witnessed the lowest US LPG exports to Europe since last September reaching 380 Kt (-14%). With the shift to supply Asia, exports from Freeport, Nederland and Targa to Europe was almost half of January (3700 Kt).
above: Europe LPG Imports from the US Monthly, by origin installation
Japanese Import Figures: Kpler vs. METI
Below is YTD and Monthly comparison of 2016 Kpler Japanese import figures vs. official METI figures. There is less a 2% difference for YTD flows ending in December.
Source for official Japanese figures: Ministry of Economy, Trade and Industry (METI)  
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