Kpler LPG (Targa Exports – lowest in 2 Years)

Originally Released on 13 July 2017

Vessels

Americas

After waiting for almost three weeks, Marcellus Lady finally completed her loading at Come by Chance. She is 6 months TC’ed by Silverpeak and is the first vessel ever to pick up an LPG cargo out of this terminal.

Suape is expecting to receive 3 VLGC cargoes in the upcoming days, ex-USGC:

  • Glencore’s Sunny Joy, ETA 16-Jul, ex-Enterprise.
  • Petrobras’ Bw Messina, ETA 17-Jul, ex-Enterprise.
  • Petrobras’ Bw Frigg, ETA 19-Jul, ex-Targa.
After almost one month of waiting at Ocoa Bay Anchorage, Js Ineos Intrepid is signalling for  Marcus Hook, ETA 20-Jul.

 

Middle East 

Originally signalling for WAF, Pacific Binzhou changed her destination and is now heading to load at Ras Tanura under Naftomar, ETA 20-Jul. She is expected, according to the market, to act as Floating Storage in the Baltic Sea later in July/mid-Aug.

above: Pacific Bonzhou’s diversion to Persian Gulf

Europe/Mediterranean

Trafigura’s Waregem is heading to Mohammedia, ex-Pajaritos. She is expected to discharge her 21 Kt butane cargo there by the end of July.

Shell’s Comet is currently docked at Aygaz Izmit discharging her 46 Kt cargo (23:23), ex-Nederland. Statoil’s Cheyenne which was also expected to deliver Kaarstoe’s cargo to Dortyol Port, is currently docked at Petgaz berth.

Statoil’s Clipper Jupiter is signalling for Stenungsund after completing her load at Hammerfest, ETA 14-Jul

Mitsui’s Gas Ray is on her way to Morocco, ex-Aruba, ETA 20-Jul. The last cargo transfer between the two terminals dates back to Jul-2016.

After passing Panama Canal, Sansovino is now signalling for Norway. She is expected to load at Kaarstoe under Statoil, ETA H2-Jul.

above: Sansovino’s route to load at Norway, Kaarstoe

Africa

Petredec’s Saltram is currently heading to Beira, ex-Enterprise. She is expected to discharge her cargo via STS there by early Aug.

Navigator Ceto is signalling for Lomé, ex-Chesapeake. She is expected to discharge her cargo via STS there by the end of Jul.

2 VLGC’s are expected to pick up their cargoes out of WAF in the upcoming days:

  • Total’s Bw Brage, to load at Soyo, ETA 1-Aug.
  • Chevron’s Caravelle, to load at Escravos, ETA 3-Aug.
  • Bw Trader, signalling for Escravos, ETA 3-Aug.
Asia
Australia is expecting its first cargo delivery from Algeria. The nominated vessel is Geogas’ Champlain heading to Botany, ETA 15-Jul, ex-Bethioua.

 

SHV’s Earth Summit loaded her first cargo via STS with Astomos’ Legend Prosperity at Sohar Anchorage. She is now heading to discharge her cargo at Pipavav, ETA 14-Jul.

New build Legend Prestige has picked NWS as her next destination to load in her second voyage under Astomos, ETA 13-Jul.

Shell’s Cougar has reached her destination at Male Anchorage, ex-Nederland. She is expected to discharge her 46 Kt propane cargo via STS in the upcoming days.

Berge Nantong is heading to discharge at Kalbut, ex-Oso, ETA 19-Jul.

Targa Exports: Lowest in June
With a record of 248 Kt, Targa experienced the lowest level of exports in June in the last two years. Kpler data has recorded continuous decline in Targa exports since Mar-2017 when it reached 592 Kt of exports from 436 Kt in Feb. So far in Jul, we have witnessed 4 VLGC’s, 1 MGC and 1 SGC completing their loading at this installation and so July is expected to be on the rise again compared to June.
below: Targa exports by destination countries
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