Originally Released on 9 November 2017
- 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.
BP’s Clermont, ex-NWS, is heading to discharge her cargo at Taiwan, ETA 14-Nov.
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.
Newbuild Mont Fort left the Korean Shipyard and is now heading to Panama Canal. She is relet to Gunvor for a 10 year-TC.
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.
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).