Kpler LPG (Increasing Japan LPG Imports)

Originally Released on 9 November 2017

Vessels
Americas
This week, we are witnessing 3 VLGCs heading to FE via Cape of Good Hope:
  • Geogas’ Jia Yuan, ex-Marcus Hook, signalling for Chita, ETA 12-Dec.
  • Petredec’s Yamabuki , ex-Nederland, signalling for Durban, ETA 24-Nov.
  • Shell’s Pacific Hong Kong, ex-Nederland, signalling for SGP Area, ETA 8-Dec.
Above: vessels heading to FE through COGH, instead of Panama Canal
Nadeshiko Gas has finally finished her load, ex- Ferndale, and is now signalling for South Korea, ETA 16-Nov.
Trafigura’s Waregem, ex-Pajaritos, is heading to discharge at Mohammedia, ETA 9-Nov.
Itochu’s Gas Zenith, ex-Enterprise, is crossing the Panama Canal to deliver her maiden cargo to FE. She is expected at FE on 23-Dec.
Petredec’s Bw Malacca, ex-Jose and Enterprise is currently discharging part of her cargo at Petredec Mauritius terminal.

Middle East

SK Gas’ G. Forever, ex-Yanbu, is heading to discharge at Kalbut, ETA 14-Nov.
TSW’s Gas Taurus, ex-Al Ruwais, is expected to discharge her cargo at Indonesia, ETA 17-Nov.
Europe
The VLGC Pacific Weihai arrived at Hammerfest, ETA 7-Nov.
Shell’s Sansovino, ex Kaarsto, completed a partial discharge in Aygaz Izmit and is now heading to discharge the rest of her cargo at Dortyol, ETA 7-Nov.

 

Australia

BP’s Clermont, ex-NWS, is heading to discharge her cargo at Taiwan, ETA 14-Nov.

Africa

Pacific Binzhou was fixed by BP to deliver a cargo out of Soyo. She is expected to load at Soyo on 21-Nov.

Cresques was fixed by Geogas to deliver a cargo out of Bonny, loading ETA 26-Nov.

Aquamarine Progress was fixed by Sahara to deliver a cargo out of Escravos, loading ETA 21-Nov.

Interesting STS

Geogas’ Clipper Moon, ex-Enterprise, is expected to discharge her cargo again via STS with Bw Gemini at Ocoa Bay Anchorage. ETA 10-Nov.

Shell’s Sinndar, ex-Nederland, is signalling for Male anchorage, ETA 28-Nov. She is expected to discharge part of her cargo again via STS with Lubara.

Newbuilds

Newbuild Mont Fort left the Korean Shipyard and is now heading to Panama Canal. She is relet to Gunvor for a 10 year-TC.

Diversion Alerts

Originally signalling for Panama Canal, Flopec’s Clipper Victory changed her destination and is now heading to Terneuzen, ETA 15-Nov.

Originally signalling for Fujairah, BW’s Bw Loyalty updated her AIS signal and is now heading to Nederland US, ETA 7-Dec.

 

Increase of Japanese LPG imports
In September, strong global Oil prices boosted the LPG prices and the naphtha crack spread had gradually widened, therefore making CFR Japan Propane costlier than naphtha. As producers in Europe and Asia tend to switch feedstocks based on cracking margins, Japanese LPG imports experienced a drop of 40% MoM in September to 451 Kt, the lowest value in 2017, based on Kpler data. This figure proves that LPG continued to yield less favourable cracking economics relative to naphtha.
As winter approaches, the slowdown in September questioned the efficiency of the Asian inventories to meet heating and cooking demand ahead. However, the strong figure of 986 Kt in October is expected to eliminate much of the shortfall in Japan and Asian Inventories.

Kpler data reveal that the total demand in Far East steadily increased from August onward. In October, demand was higher by 425 Kt m/m, at 3885 Kt, suggesting a trend towards stronger demand relative to the first half of 2017.
Looking at the monthly imports of the 3 top Far East Importers, China helped sustaining the FE imports to the current levels as Japanese and S.Korean demand dropped.

 


 

Forward looking, Indonesia and Iran LPG talks for 2018

Indonesia’s Pertamina will start official discussions with NIOC this week for the renewal of their term LPG import contract for 2018 supplies. The original contract consisted of a 600,000 mt of LPG to be delivered over 2016-2017 in 14 cargoes.

Kpler data reveal that since the delivery of the first 44,000 mt evenly split propane/butane parcel in Oct-2016, there have been 12 cargo shipments. The current level of Iranian exports to Indonesia are approximately 550,000 mt, a figure close to the original agreement. (November import numbers are subject to change as Kpler is closely monitoring the daily market).Separator LineSeparator Line

Kpler LPG (Persian Gulf Exports)

Originally Released on 2 November 2017

Vessels
Americas
This week, we are witnessing 3 VLGCs heading to FE via Cape of Good Hope:
  • Vitol’s Bw Pine is expected to FE by 14-Dec.
  • Shell’s Sinndar early track is indicating a voyage via COGH.
  • Petredec’s Spread Eagle diverted towards the long route via COGH.

On the other hand, 6 VLGC’s are expected to pass the Cape of Good Hope on their way to USGC:

  • Avance Gas’ Chinook, current itinerary Malacca Strait, signalling for Freeport, ETA 10-Dec.
  • Avance Gas’ Breeze, signalling for Houston, ETA 16-Dec.
  • Avance Gas’ Iris Glory, current itinerary Malacca Strait, signalling for Houston, ETA 6-Dec.
  • Astomos’ Ns Frontier signalling for Nederland, ETA 26-Nov.
  • Shell’s Shaamit signalling for Nederland, ETA 30-Nov.
  • Engie’s Mistral is expected at Houston by 3-Dec.
Astomos’ Crystal River completed her maiden voyage from Nederland to Japan and is now heading back to USGC for her second load, ETA 25-Nov.
Trafigura’s Waregem, ex-Pajaritos, is heading to discharge at Mohammedia, ETA 9-Nov.
Constellation was fixed by Petrobras to deliver a US cargo to Flushing. She is expected at USGC by 24-Nov.
Shell’s Hampshire, ex-Nederland, is heading to discharge at Kalbut, ETA 3-Nov.
Solvang’s Clipper Saturn, ex- Marcus Hook is heading to discharge at Repsol Butano, ETA 3-Nov.

 

Middle East

BW’s BW Sakura, ex-Ras Tanura, is signalling for Kalbut, ETA 9-Nov.

Astomos’ Gas Diana loaded part of her cargo from Al Ruwais and is now completing her load at Sitra.

Europe

Shell’s Sansovino, ex-Kaarstoe, is currently discharging at Aygaz Izmit, Turkey.

Australia

Bonython & Westernport are exporting their first lpg cargoes to Africa. Geogas’ Bw Messina is on her way to EAF, probably for a partial discharge at Petredec Mauritius first and the rest via STS at Beira Anchorage, ex-Bonython & Westernport.

Astomos’ Legend Prestige is signalling to load at Westernport, ETA 8-Nov.

Africa

Chevron’s Hellas Glory, ex-Escravos discharged part of her cargo at Petredec Mauritius and is now signalling for Dongguan, ETA 14-Nov.

Interesting STS

Shell’s Shahrastani discharged part of her cargo via STS with Shell’s Lubara at Male Anchorage. The latter is acting as a Floating Storage at the anchorage .

Geogas’ Karoline N discharged her cargo via STS with BW’s Bw Gemini at Ocoa Bay Anchorage. The latter is acting as a Floating Storage at Ocoa Bay Anchorage..

 

Middle Eastern LPG exports to FE lower in October

Kpler data reveal a decrease of Middle Eastern LPG supplies to Far East with exports falling m/m by 107 Kt. As winter approaches, demand in Asia, especially in China, builds up and the tight LPG supply from M.E. is pushing importers to look at the other side of the Atlantic to secure their inventories. That said, US has increased its share of exports to Far East by 8% over the last two months, or an increase of 407 Kt m/m between September and October.

 

Middle Eastern Countries with Supply Disruptions

The drop of ME exports comes mainly from two countries, namely the UAE and Iran. In Iran, the supply disruptions are linked to the unexpected outages of the South Pars field, which will probably have an impact on exports until the end of the year. In UAE, the new 0.5 Mpty PDH plant of Takreer – which is in the stage of trial – is causing a shift of part of the country’s LPG exports to domestic use.

 

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Kpler LPG (Panama Canal Voyages Analysis)

 

Originally Released on 26 October 2017
Vessels
Americas
This week, we are witnessing 1 VLGC heading to FE via Cape of Good Hope:
  • Shell’s Anderida early track is indicating a voyage through the long route. She is signalling for SGP Area, ETA 23-Nov.
Helios LPG’s Cheyenne, ex- Marcus Hook, is signalling for Terneuzen, ETA 29-Oct. 

Solvang’s Clipper Saturn, ex- Marcus Hook is heading to discharge at Sines, ETA 1-Nov.

P66’s Clipper Vanguard, ex-Freeport, completed her maiden voyage by discharging at Chorrillo and is now signalling for Balboa Anchorage, ETA 2-Nov.

Petredec’s Cambridge, previously handling chemical cargo, is crossing the Atlantic to load an LPG cargo from Bahia Blanca, ETA 30-Oct.

Middle East

Pertamina’s Pertamina Gas 1, ex-Asaluyeh, is expected to discharge at Indonesia by early November.

TPL’s Everrich 10 loaded at BIK and is signalling for Fujairah, ETA 31-Oct. Her exact destination is yet to be confirmed.

 

Europe

BP’s British Councillor, ex-Enterprise, to discharge at Terneuzen, ETA 21-Oct.

Australia

Clermont has been fixed by BP to lift a cargo out of NWS to FE. She is expected at NWS on 3-Nov.

Africa

Total’s Hellas Gladiator is currently loading at Bonny Island.

Total’s Hellas Hercules is expected to load at Escravos, ETA 3-Nov.

Chevron’s Hellas Glory completed her load at Escravos. Her exact destination is yet to be confirmed.

BW’s Bw Brage completed her load at Soyo and is now signalling for SGP Area, ETA 15-Nov.

Interesting STS

China Peace’s Lpg Scorpio, ex-Das Island, discharged her cargo via STS with AMPTC’s Gas Beauty I at Suez Anchorage.

Shell’s Ns Frontier, ex-Nederland, discharged the rest of her cargo via STS with Siamgas’ Ming Ming at Nipah Anchorage and is signaling for Nederland, ETA 26-Nov.

Borealis’ Navigator Aurora discharged her cargo via STS with Geogas’ Surville at Dakar Anchorage and is now signalling for Marcus Hook, ETA 1-Nov.

 

Neo Panama Transits New Feature

Since its expansion in June, 2016, the Neo Panama Canal has changed the market dynamics by allowing LPG vessels to significantly shorten their voyages to FE.Kpler is constantly improving its LPG platform, this time by bringing transparency on the voyages through the Panama Canal. The new feature reveals the voyages through the Panama Canal, providing the unique opportunity to reveal the commercial history of each cargo and the individual strategy of each player.

Kpler data reveal a 70% growth of the LPG carriers passing through the Panama Canal from 2016 to 2017, with an average of 37 vessels per month in 2017 compared to 22 vessels in 2016. Looking at Aug. and Sept. 2017, the number of vessels crossing the Canal was bellow the average, due to the delays caused by the Hurricane Harvey, as well as the strategy of certain players to take the long route in order to reap higher profits from higher future prices.

LPG – LNG battle for the Neo Panama 

Recently the Authorities announced changes on the Panama Canal operation. Starting from September, changes have been implemented on the tolls the Booking and Cancellation fees.The Panama Canal Authorities proposed an increase in booking slots available for LNG carriers to transit the Canal. In addition, the market expects the Authorities to allow LNG carriers to enter the first lock in the dark. LNG carriers currently make up a 9% of total capacity, however slot availability is currently proving a challenge for LPG owners.
Kpler data reveal a decrease in the number of VLGCs crossing the Panama Canal since the beginning of 2017, where an average of 30 VLGCs (Jan-May 2017 period) has dropped to 20 VLGCs on average for Jun-Oct period.

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Kpler LPG (Iranian LPG Exports)

 

Originally Released on 19 October 
Vessels
Americas
This week, we are witnessing 2 more VLGC’s heading to FE via Cape of Good Hope:
  • Shell’s Sea Bird, ex-Nederland, originally signaled for Panama Canal but is now heading to take the long route.
  • Petredec’s Bw Malacca, ex-Entreprise and Jose, signaling for Teluk Semangka, ETA 12-Nov.
Statoil’s Caravelle finally discharged her cargo out of Kaarsto to Ulsan, SK after almost 2 months voyage. She is currently fixed by Astomos for a voyage from US to FE. She is expected to load at Houston by 6-Nov.
P66’s Clipper Vanguard, ex-Freeport, is waiting in front of Chorillo, Ecuador.
Kunlun Shipping’s Ayame is heading to load her first cargo out of US for 2017. She is expected at Freeport by 26-Oct.
EDF has fixed its third VLGC for 2017. EDF’s Concorde is expected to load at Houston on 20-Nov. 

Middle East

As India is bracing for the winter, IOC, HPCL and BPCL have fixed 6 VLGCs for the 2H of October out of the Persian Gulf:

Europe

BP’s British Councillor, ex-Enterprise, is expected to discharge at Terneuzen, ETA 21-Oct.

Statoil’s Clipper Jupiter loaded at Hammerfest and is signaling for Stenungsund, ETA 19-Oct.

Shell’s Sansovino, ex-Kaarsto, is signaling for Gibraltar, ETA 22-Oct. She is expected to discharge at Turkey by Early November.

 

Asia

Astomos’ Crystal River, ex-Nederland, discharged partially her first cargo at Naoetsu and is now heading to Chiba to complete her voyage.

Shell’s Captain Markos Nl has left Nipah Anchorage and is signalling for Calaca, ETA 18-Oct. She has been at the Anchorage acting as a Floating Storage since Dec 2016.

Australia

Avance Gas’ Iris Glory, ex-Westernport, discharged her cargo at Pyeong Taek and Incheon, SK.

Geogas’ Bw Messina, ex-Marcus Hook, discharged her cargo at Botany and then she proceeded to load at Westernport.

Africa

Total’s Hellas Serenity is signalling for Sanha, Angola, ETA 10-Nov.

Chevron’s Hellas Glory has loaded at Escravos. Her exact destination is yet to be confirmed.

Interesting STS

Shell’s Shaamit, ex-Nederland, discharged part of her cargo via STS with Shell’s Lubara at Male Anchorage.

Avance Gas’ vessels Thetis Glory and Mistral performed a STS at Trincomalee Anchorage, Sri Lanka.

Geogas’ Clipper Moon, ex-Targa, is currently discharging her cargo via STS with Bw Gemini at Ocoa Bay Anchorage. The latter is acting as a floating storage at Ocoa Bay Anchorage since the beginning of September.

 

Iran LPG Exports in the Post-Sanctions Era 

Following the official lift of its sanction in June, 2016, Iran is striving to increase its LPG production and reach new markets. The country has managed to increase exports from 2888 Kt in 2015 to 3719 Kt, as of September 2017.
As mentioned last week, Iran has found a new partner in the face of Indonesia, where the country’s government agreed to purchase more than 500,000 tonnes of LPG from Iran in 2017.
Looking at the Iran LPG exports per month for the last three years, Iran has quickly grown monthly exports in the post-sanctions period that consistently exceed 300 Kt.

South Pars field outages
KPLER data reveal that Iran’s monthly exports decreased to 347 Kt in September. This is linked to a combination of planned and unplanned outages, which are currently affecting production at Iran’s South Pars gas/condensate field. KPLER analysts are expecting a further decrease in Iranian exports in October too.
Since entering service in 2016, the field has suffered a number of unplanned disruptions in its production, especially in the marine pipeline transferring the condensate to the process plant inland (gas leakage in Jan 2017 resulted in shut down of production).

 

Where is the Iranian LPG headed?

In spite of the fall in China’s share of imports, it still remains as Iran’s biggest LPG importer with 70% share according to KPLER data. In addition, Iranian cargoes are now flowing to Indonesia (bilateral agreement to provide LPG from 2016 onward), India (bilateral deal to import Iranian LPG from 2017 onward) and Pakistan (signed agreement in May, 2016). The total share per country is subject to change until the end of the year 2017.

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Kpler LPG (Indonesian Imports Focus)

Originally Released on 12 October 2017

Vessels

Americas

 

This week, we are witnessing 2 more VLGC’s heading to FE via Cape of Good Hope:

  • Shell’s Shergar, ex-Netherland, signalling for SGP Area, ETA 9-Nov.
  • Shell’s Yuhsan, ex-Netherland, signalling for SGP Area, ETA 10-Nov.

These vessels are added to a list of 9 VLGC’s that are heading to FE, ex-USGC through the Cape of Good Hope instead of the Panama Canal (see first image):

Above: vessels heading to FE through COGH, instead of Panama Canal

On the other hand, 7 VLGC’s are expected to pass the Cape of Good Hope on their way to USGC for load (see following image):

Above: vessels heading to USGC through COGH, instead of Panama Canal

Shell’s Hellas Sparta, ex- Nederland, is heading to discharge at Teluk Semangka, ETA 21-Oct.

Shell’s Aisling is currently loading her first cargo from Nederland for her virgin voyage.

BP’s British Councillor, ex-Enterprise, is heading to discharge at Terneuzen, ETA 21-Oct.

Petredec’s Pazifik to discharge at Mohammedia, ex-Cheesapeake, ETA 16-Oct.

P66’s Clipper Vanguard completed her maiden load ex-Freeport, currently heading at Panama Canal, ETA 11-Oct. Her exact destination is yet to be confirmed.

BW Pine is fixed by Vitol for a voyage to FE. She is expected to load at USG by the 22 of October.

 

Africa

Geogas’ Pointis completed her load at Sanha and is currently at COGH. Her exact destination is yet to be confirmed.

ExxonMobil’s Copernicus loaded at Oso and is signaling for SGP Area, ETA 21-Oct.

Total’s Hellas Gladiator is expected to load at Bonny Island, ETA 21-Oct.

Asia

Petredec’s Pacific Shanghai, ex-Iran, is heading to discharge at Kalbut, Indonesia, ETA 15-Oct.

Shell’s Secreto is signalling for Sriracha, Thailand, ETA 17-Oct. She is expected to discharge part of her cargo via STS with Ming Zhu.

Statoil’s Sunstar, ex-Freeport, discharged her cargo at Kalbut. This is the first LPG cargo out of US to Indonesia since May 2017 and the first ever from Freeport to Indonesia.

Australia

Astomos’ Gas Capricorn completed her load at Bayu Undan FPSO and is signaling for Dongguan China, ETA 16-Oct.

Interesting STS

Shell’s Sinndar is signalling for Nederlands, ETA 23-Oct (current itinerary COGH). During her previous voyage, she discharged her cargo via STS at Male Anchorage with Shell’s Lubara and then at Male Anchorage with Shell’s Captain Markos Nl.

Petredec’s Clipper Victory discharged the rest of her cargo via STS again with Petredec’s Morston and is now heading to Nederland, ETA 16-Oct. The latter vessel is expected to discharge again at Chorillo.

Shell’s Shaamit, ex-Nederland, is currently discharging her cargo via STS with Shell’s Lubara at Male Anchorage. The latter has been acting as a Floating Storage at Male Anchorage since March, 2017.

 

Indonesia Imports on the rise

While Indonesia remains a net energy exporter, its imports of Oil and products have been rapidly increasing in recent years. The decision of rejoining OPEC in January 2016 (while still a net importer of oil and products) and the quick suspension of its membership at the 171st Meeting of the OPEC Conference on November of the same years, proved the country’s difficulty to meet local demand with its own production.
Focusing on the LPG market, Kpler data indicates that Indonesia’s imports are increasing since 2015. Looking at YTD evolution the 2017 September figures reached 3,636 kt, a 22% increase from the same period in 2016. This rise is linked to declining domestic LPG supply due to the decline of domestic oil production.

 

Efforts of diversification

According to the local sources, Indonesia will become even more dependent on LPG imports from 2017 onwards, expecting imported LPG to reach 70 percent of total LPG consumption this year.
To satisfy its local demand, Indonesia mostly imports LPG from Middle East countries, but it plans to diversify the import mix over the next years.
Looking at Kpler data for Indonesia LPG imports by origin countries, in 2016 Indonesia was mainly importing from United Arab Emirates, Qatar, Saudi Arabia and Kuwait. However, mid-2016 signified a change on the country’s strategy by receiving its first LPG cargo from United States on May, 28 (Petredec’s Motivator, ex-Entreprise), followed by a first LPG shipment from Iran on October, 13 (Pertamina’s Pertamina Gas 2, ex-Asaluyeh).
The latter shipment also indicates Iran’s desire to reach new markets, following the official lift of its sanction on June, 2016. Looking at 2017, Indonesia is seeking to reduce its dependency on traditional ME suppliers by diversifying its sources from the US (regular LPG supplier in 2017), receiving cargoes from Australia, WAF and even from Europe with a cargo coming out of Norway in February (Statoil’s Bw Freyja, ex-Kaarstoe).

New partnerships with the US and Iran

At the beginning of 2017, the Indonesian government agreed to purchase more than 500,000 tonnes of LPG from Iran in 2017. Sep-2017 Kpler figures show that 363 kt of LPG have been shipped from Iran to Indonesia, 72% of the agreed amount. Kpler LPG analysts expect at least two more LPG shipments from Iran until the end of the year, bringing the total 2017 figure to more than 450kt, which aligns with the aforementioned agreement.
Lastly, Indonesia is also showing its commitment to country portfolio diversification by receiving the first ever cargo from US Freeport (Statoil’s Sunstar, ex-Freeport, discharged her cargo at Kalbut).

    
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Kpler LPG (Forcus on Newbuilds)

 

Originally Released on 5 October 2017

Vessels

4 VLGC’s are currently on their way to discharge in the FE via Cape of Good Hope, ex-US:

  • Shell’s Hampshire, ex-Nederland, signalling for SGP Area, ETA 1-Nov.
  • UNIPEC’s Sunny Joy, ex-Enterprise, signalling for SGP Area, ETA 3-Nov.
  • Vitol’s Commodore, ex-Marcus Hook, is expected to FE by 10-Nov.
  • Passat, ex- Enterprise, signalling for SGP Area, ETA 8-Nov.
Americas

 

Geogas’ Clipper Moon, ex- Freeport, has discharged fully via STS with Bw Gemini at Ocoa Bay Anchorage. She is now signalling for Houston, ETA Oct-8.

Australia

Astomos’ Gas Capricorn is signalling to load at Bayu Undan FPSO, Australia, ETA 8-Oct.

Africa

Total’s Hellas Gladiator signaling for Bonny Island, ETA 21-Oct.

 

Newbuilds Market Focus

Since the start of the 2015, the LPG trade has seen a considerable expansion due to US shale gas, demand growth and refinery capacity expansion in Asia. This is reflected in the rapid growth of the gas carrier fleet, where 86 newbuilds were added to the global fleet in 2015, a staggering 62% increase from 2014 (based on Kpler data).
The traditional trading routes of East of Suez have been disrupted by massive export volumes coming from West of Suez, namely the United States, which together with M.East, are feeding the constant LPG demand growth of Asia.This growth is linked to Chinese petchem plants as well as the replacement of high carbon-emission fuels in rural areas, especially in India, which is now the world’s second largest LPG importer.
In order to meet the increased bulk volumes and also try to take advantage of the arbitrage window between the US and Asia, a large number of VLGCs was ordered between 2014 to 2016, with Kpler data suggesting a vast expansion from 8 to 35 and then 44 VLGC Newbuilds in 2014, 2015 and 2016 respectively.

 

However, the large increase in LPG supply and fleet availability influenced the VLGC freight rates and 2017 delivery numbers contracted to 25 vessels (19 delivered and 6 expected by the end of Q4 2017).
During the same period, the fleet of Handysize, MGC and LGC also increased substantially with double orders of Handysize between 2014-2015, addition of 5 LGCs in 2015-2016 and high growth rates in deliveries of MGCs after 2016. Remarkably, the addition of new SGCs contracted as demand remains more challenging in this market. In addition, Kpler data indicate no LGC delivery in 2017, while the ever-growing quantity of US Shale ethane is opening the new VLEC market, which currently numbers 6 vessels.

Fleet Evolution

Since the beginning of the market, the fleet has evolved considerably from SGCs, that are able to transport small capacities, to VLGCs and even VLECs, that can carry more than 70,000 cb of product.
Looking at the active vessels, Kpler data indicate a vast expansion of the fleet starting from 1990s (165 vessels were delivered between 1991 and 1995), while the VLGC boom started in 2005 onwards.
The next figure presents the current LPG Fleet mix:

This week, we saw newbuilds being added to the fleet, including 2 VLGC’s:
  • Gas Zenith (79,000cm) is leaving the Ulsan Shipyard before her expected date (Dec 2017) and is signalling for Balboa Anch, ETA 21-Oct. She’s relet to JGE until Dec 2022.
  • Unique Shipping’s newbuild Oriental King (84,000cm) left the Ulsan Shipyard and is now heading to USGC for her first load, ETA 29-Oct.
  • Mygas (12,000cm) joined the fleet of Sloman Neptun. She is operated by Unigas International.

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Kpler LPG (India’s increasing Imports)

Originally Released on 28 September 2017

Vessels

Americas

2 VLGC’s are currently on their way to discharge in the FE via Cape of Good Hope, ex-US:

  • Astomos’ Saltram, signalling for Japan, ETA 22-Oct.
  • Shell’s Shahrastani, signalling for SGP Area, ETA 20-Oct.

Petredec’s Morston discharged her cargo to Chorillo and is currently loading again via STS at Balboa Anchorage with Petredec’s Clipper Victory. The latter is loaded at PetroPortLPG,

After delivering her butane cargo to Chorrillo, ex-San Gregorio, Petredec’s Parthia is now signalling for Bahia Blanca, ETA 30-Sept.

After her first 4 voyages from ME to Far East, E1’s Gas Stella is now heading to load at Houston, ETA 25-Oct. Her exact loading terminal is yet to be confirmed.

After 2-months STS operations at Brisbane Anchorage, Trafigura’s George N is finally leaving the anchorage for the US. She is expected to reload there by the end of Oct.
Statoil’s Sunstar, ex-Freeport, is currently discharging her cargo at Kalbut. This is the first LPG cargo from the US to Indonesia since May 2017 and the first ever from Freeport to Indonesia.
Geogas’ Prins Alexander is heading to load at San Gregorio. This is second cargo out of Chile in 2017. 

Africa

Avance Gas’ Providence is expected to deliver her cargo to Philippines, ETA 28-Sept, ex-

SwissMarine’s Cresques loaded at Soyo and is signalling for SGP Area, ETA 12-Oct,

Chevron’s Ronald N, loaded her cargo at Escravos and is signalling for SGP Area, ETA 19-Oct.
Chevron’s Hellas Glory, currently waiting to load at Escravos. 

Europe/Mediterranean

Statoil’s Clipper Sun is currently discharging at Dongguan, China,

Australias

Trafigura’s Bw Njord is waiting in front of Brisbane Anchorage to replace George N who’s been there acting as FS for the past 2 months.

Geogas’ Bw Messina is signalling for Botany, ex-Marcus Hook, ETA 8-Oct.

Avance Gas’ Iris Glory is expected to deliver her cargo to Chiba, Japan, ETA 30-Sept. This is the only cargo out of Australia to Japan for the month September.

Asia

SK Gas’ Bw Tyr, ex-NWS, is signalling for Ulsan, South Korea. ETA 5-Oct.

 

India’s LPG signs of rebound
India’s LPG imports are showing signs of rebound from July onwards. Based on Kpler data, LPG imports averaged at 698 kt for June 2017, then increased from July onwards and reach March 2017 levels (period of record crore LPG connections).
Since March 2017, India has displaced Japan to become world’s second-largest importer of LPG, thanks to the Government’s initiatives to expand the LPG usage especially in the household sector.
India, which is competing with China to be the world’s largest importer of LPG, is constantly increasing its LPG imports on a monthly basis which is expected to witness no stop this soon.

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