Kpler LPG (Panama Canal crossings)

Orinally Released on 3 August 2017

Vessels

Americas

We are currently witnessing 7 VLGC’s that are heading to FE, ex-USGC through the Cape of Good Hope instead of the Panama Canal. The number of such vessels is expected to keep increasing as a result of market contango, allowing for higher gains due to higher prices in September.

above: vessels heading to FE through SGP Area instead of Panama Canal

This week, another STS occurred at Balboa Anchorage. Ronald N who was supposed to discharge her cargo at Ecuador, ex-Nederland under Petredec, performed a STS with Morston instead at Balboa Anchorage. Morston is currently docked at Chorrillo, discharging her 40 Kt propane cargo.

After loading partially at Marcus Hook, Navigator Aurora completed the rest of her load at Chesapeake. She is currently signalling for Dortyol Port to discharge her 20 Kt cargo (10:10).
Newbuild Anderida has started her first voyage by completing her load at Nederland under Shell. She is expected to discharge her cargo in the FE later in Sept.
Middle East

Newbuild VLGC Pacific Hong Kong is currently loading at Umm Said as her first voyage. She’s relet to Shell until May-2024.

The 2nd VLGC in 2017 has loaded her cargo at Hamriyah. The nominated vessel is Hisui who has been fixed by Naftomar and is currently discharging at Aegis Mumbai.

Europe/Mediterranean

Exiting Suape after spending more than 3 years there as Storage Tank, Bw Liberty is now signalling for Boony Island Port, ETA 12-Aug.

Statoil’s Sansovino is currently passing Gibraltar on her way to discharge at Turkey, ex-Kaarstoe, ETA 10-Aug.

Africa

Geogas’s Bw Gemini is currently docked at Maputo, partially discharging her cargo. She is the first VLGC to discharge at this terminal.

Asia

1 VLGC and 1 LGC are currently signalling for Australia, ex-USGC:

  • Trafigura’s George N to arrive at Brisbane, ex-Targa, ETA 14-Aug. She is expected to replace Bw Njord who’s been acting as Floating Storage at Brisbane Anchorage since 2 months ago.
  • Geogas’ Pointis to discharge at Botany, ex-Freeport, ETA 16-Aug.
Astomos’ Energy Orpheus is docked at Westernport loading her 42 Kt cargo (21:21).
US Exports to FE: Panama Canal VLGC Transits

As mentioned earlier, we are witnessing a decline in the number of VLGC’s delivering their cargoes to the FE via Panama Canal. Kpler data has recorded only 12 VLGC’s passing through the Panama Canal to reach their destination in the FE which is the lowest since Nov-2016. With prices expected to be higher in September, the rise in the number of VLGC’s to deliver via COGH is expected to become higher, affecting even more the number of transits via Panama Canal.

below: number of VLGC cargo deliveries to the FE, ex-USGC via Panama Canal
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Kpler LPG (G. Paragon’s diversion from ME to Houston)

Originally Released on 28 July 2017

Vessels

Americas

After serving as a storage tank at Suape for almost 3 years, Petrobras’ Bw Liberty has left the port today and is now available for charter. BW Lord is currently docked at Suape and is expected to take BW Liberty‘s place at Suape as storage tank.

After doing more than 1,5 years of deliveries to Asia from the Middle East, Petrogas’ Iris Glory is now crossing the Atlantic to load from Ferndale, ETA 2-Aug.

Shell’s Yuhsan is heading to the SGP Area via Cape of Good Hope with Nederland-sourced propane cargo., ETA 21-Aug. She is expected to discharge her cargo in the FE by the end of Aug.

Originally signalling for Ras Tanura, G. Paragon changed her destination and is currently heading to load at Houston, ETA 26-Aug. Her exact destination is yet to be confirmed by her AIS signal.

Bw Prince has loaded full LPG cargo in Enterprise and is now heading towards China’s Tianjin.

above: Bw Prince’s route to discharge at Tianjin, ex-Enterprise
Middle East
After discharging U.S.-sourced Propane cargo in 3 portions (at Male Anchorage, Nipah Anchorage and Batangas Port), Cougar is now signalling for Mina al-Ahmadi for reload, ETA 7-Aug.
Europe/Mediterranean

After passing the Cape of Good Hope on the way to load at Escravos under Chevron, Caravelle has stopped for a day at Cape Town Anchorage and is now signalling for Kaarstoe instead under Statoil to be discharged at Chiba Area, according to the market.

Originally signalling for Mohammedia, Trafigura’s Waregem changed her destination and currently discharging her cargo at Le Havre.

After a 47 days ballast voyage from Ulsan Port and crossing both Pacific and Atlantic oceans, Statoil’s Sansovino is currently docked at Kaarstoe, loading her 46 Kt cargo.

After partial discharge at Mohammedia, Shell’s Shahrastani is now heading towards Dortyol Port to discharge the rest of her cargo, ETA 1-Aug.

Asia

Ethane Emerald has switched from carrying Ethane to LPG and for the past 6 weeks has been transporting Propane in between different installations in India. She is currently floating in front of Mumbai Port and is expected to offload its 21 Kt of propane cargo in 3 partial discharges there.

 

US Exports to Europe: Lowest in July since Feb 2016
With only 2 VLGC’s signalling for Europe so far (Bw Orion heading to Terneuzen, ex-Marcus Hook, ETA 4-Aug & Shell’s Shahrastani heading to Dortyol Port, ex-Nederland, ETA 1-Aug), July seems to be one of the least active months for US exports to Europe. The record low exports of 127 Kt since Feb-2016 is almost half the amount of US-Sourced exports to Europe compare to last month.
below: US Exports to Europe by destination countries

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Kpler LPG (First voyage of Crystal River)

Originally Released on 20 July 2017
Vessels

Americas

P66’s Clipper Freeport completed her first voyage by discharging fully via STS with Morston at Balboa Anchorage, ex-Freeport. She is now heading back to reload at Freeport, ETA 22-Jul. Morston proceeded to complete her load via another STS with Clipper Star and is currently docked at Chorrillo, discharging her 45 Kt propane cargo.
Asia
Crystal River has started her first voyage by signalling for SGP Area, ETA 1-Aug. Her exact destination is yet to be confirmed. K-Line’s VLGC is the 24th VLGC to join Astomos’ time charter fleet.
After two partial discharges at Male and Nipah Anchorage with Shell’s Lubara and Captain Markos NI respectively, Shell’s Cougar is currently heading to complete her discharge at Calaca, ETA 23-Jul.
Shell’s Shergar is heading to Male Anchorage after two partial discharges at Nipah Anchorage with Epic St. Martin and Captain Markos NI.
Legend Prestige completed her loading at NWS and is currently heading to Pyeong Taek for discharge, ETA 29-Jul.
Energy Orpheus is signalling for NWS after completing her discharge in Japan. She is expected there by 2-Aug.
Europe/Mediterranean
Sunoco’s Corvette is signalling for Terneuzen, ex-Marcus Hook, ETA 30-Jul.

Africa

The second cargo in 2017 out of Kwinana has been picked by Navigator Centauri. She is expected to discharge via STS at Beira, ETA 27-Jul.

Vitol’s Clipper Odin is expected to dock at Saldanha today, ex-Bioko.

Epic Bali is currently discharging at Dakar after reloading via STS with Geogas’ Surville at Dakar Anchorage.

Providence is signalling for Bioko, ETA 11-Aug. It is also worth mentioning Bw Trader who is expected to load at Escravos under Petredec, ETA 3-Aug.

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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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Kpler LPG (Happy Avocet’s diversion)

Originally Released on 6 July 2017

Vessels

Americas

Short term time chartered by Trafigura, Adriatic Gas loaded fully via STS with Permian Lady in front of Houston Anchorage. She is currently waiting loaded for her next destination to be confirmed.

Permian Lady completed her load at Aruba and is now heading to El Tablazo. She discharged her cargo earlier via two STS’s in front of Houston Anchorage with Victoria Kosan and Adriatic Gas, ex-Corpus Christi.

 

Vitol’s Sloman Ariadne is signalling for Tallaboa, ex-Bioko & STS at Lomé Anchorage. She is expected to discharge part of her cargo there in the upcoming days.

Originally expected at Dakar Port, Geogas’ Laperouse changed destination and is currently signalling for Ocoa Bay Anchorage, ETA 15-Jul, ex-Arzew. She is expected to discharge her cargo via STS there by the second half of July.

above: Laperouse’s diversion to Ocoa Bay Anchorage

 

Middle East 

China’s Wanhua is expected to pick up its 2nd VLGC cargo in 2017 out of Ras Laffan. The nominated vessel is Yuyo Spirits, ETA 9-Jul. Bw Carinapicked out the first cargo out of Freeport earlier in July under Wanhua and is currently on her way to deliver it to Yantai.

After completing her load via STS with IOC’s Perseverance V at Sharjah Anchorage (10:10), Sabarimala Gas is now heading to discharge at Kandla under IOC.

Originally signalling for Rio Grande, Happy Avocet diverted from her destination and is now heading to Al Jubail for reload, ETA 14-Jul.

below: Happy Avocet’s diversion to SA

 

Europe/Mediterranean

After her discharge in the Far East, Statoil’s Clipper Sun passed SGP Area and is currently heading to her destination at Kaarstoe, ETA 10-Aug. Bw Aries also passed SGP Area earlier in June and is expected to dock at Kaarstoe by 22-Jul.

Africa

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

  • Chevron’s Hellas Glory, heading to Escravos, ETA 15-Jul.
  • Geogas’ Bw Gemini, to load at Sanha according to the market, ETA 13-Jul. This is yet to be confirmed by her AIS signal.
Asia
After delivering 2 ethane cargoes to Dahej, ex-Morgans Point, RIL’s Ethane Emerald switched to an LPG voyage and loaded 22 Kt propane cargo at Jamnagar Sikka. She is currently waiting in front of Mumbai Port to discharge in the upcoming days.
After completing her discharge at Ulsan and Calaca, Petredec’s G. Swan Petredec’s G. Swan diverted from her original destination NWS and is currently signalling for Port Elizabeth, ETA 20-Jul. Her exact destination for reload is yet to be confirmed.
below: G. Swan’s Route to WAF
Astomos’ Lucina Providence is signalling for Kalbut, ex-Bonython, ETA 9-Jul. The is the first cargo transfer between the two terminals.
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Kpler LPG (Floating Storage)

Originally Released on 29 June 2017

Vessels

Americas

RIL’s Ethane Topaz delivered her first cargo to Dahej. She is expected to pass the Suez Canal around 8-Jul to later reach her destination at Morgans Point for reload.

Trafigura’s Bw Orion is signalling for Aruba, ETA 1-Jul. She is expected to join Trafigura’s Bw Loyalty who is already at Aruba Anchorage (ex-Soyo) to discharge their cargoes via STS with smaller vessels in the upcoming days.

Clipper Moon (ex-Targa) and Sahara’s Africa Gas (ex-Freeport) are signalling for Abidijan ETA 5 & 8-July respectively.

This week, 3 VLGC’s have passed or are expected to pass Cape of Good Hope (COGH) to reach their destinations in the US Gulf Coast:

  • Pointis, currently on her way to load at Freeport, ETA 14-Jul.
  • Challenger, on her way to load at Houston, ETA 17-Jul.
  • Bw Broker, heading to load at Nederland, ETA 24-Jul.

Trafigura’s Waregem discharged her butane cargo fully via STS with Astomos’ Sunny Green at Lomé Anchorage, ex-Pajaritos. She’s now heading back to reload at Pajaritos, ETA 9-Jul.

Geogas’ Bw Frigg discharged her cargo fully via STS with another VLGC of Geogas, Summit Terra, ex-Freeport. She is now heading back to Houston to reload under Petrobras, ETA 1-Jul.

After completing her load at Corpus Christi, Permian Lady is currently in front of Houston Anchorage, discharging her cargo via STS. She has performed 2 STS’s so far with the following vessels:

Middle East 

SHV’s Gas Beryl discharged her cargo fully via several STS’s at Sohar Anchorage, ex-Ras Laffan. She is currently at Fujairah Anchorage, waiting for her next destination to be confirmed.

Europe/Mediterranean

Statoil’s Clipper Jupiter is currently signaling for Hammerfest, ETA 2-Jul.

Cheyenne is currently waiting in front of Kaarstoe to load her cargo under Statoil.

ExxonMobil’s Gas Leo is currently waiting to discharge her cargo at Terneuzen, ex-Mongstad & Kaarstoe.

Bw Princess is expected to pass the Suez Canal by 30-Jun to reach her destination, ex-Bethioua, the exact one is yet to be confirmed by her AIS Signal.

Socar’s Atlantic Gas is heading to discharge at Jorf Lasfar, ex-Chesapeake, ETA 6-Jul.

Pazifik is currently discharging her butane cargo at Mohammedia, ex-Fawley & Le Havre.

 

Africa

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

Glencore’s British Courage arrived at Lomé Anchorage, ex-Enterprise and performed a STS with another vessel of Glencore, Bu Sidra.
Originally expected in Persian Gulf by the end of June, Gunvor’s Umm Laqhab changed her destination and is now signalling for Durban, ETA 5-Jul. Her exact destination is yet to be confirmed by her AIS Signal.
Berge Nantong is heading to Kalbut to discharge her cargo by 19-Jul, ex-Oso. The last cargo transfer between the two terminals dates back to Mar-2016.
Asia
Shell’s Ns Frontier performed a STS with another VLGC of Shell, Lubara at Male Anchorage to discharge her cargo, ex-Ras Laffan. She is now heading back to Persian Gulf to reload her cargo at Das Island, ETA 25-Jun.
Two Astomos’ VLGC’s are currently loading their cargoes in Australia:
Floating Storage Update
We’re currently witnessing 10 VLGC’s acting as floating storage*:

above: Current Floating Storage
It is also worth mentioning the following as the potential options to act as floating storage in the upcoming days:
  • Silverpeak’s Marcellus Lady at East Coast of Canada – she has been fixed for a 6 month TC under Silverpeak to act as floating storage after loading at Come by Chance.
  • Trafigura’s Bw Orion & Bw Loyalty at Aruba Anchorage – Bw Orion (ex-Targa) is currently on her way to join Bw Loyalty (ex-Soyo) at Aruba Anchorage, ETA 1-Jul.
  • Gas Spirit I at Alexandria Anchorage – she is expected to head back to Alexandria after completing her load at Bethioua, ETA early-Jul.
  • Geogas’ Summit Terra at Ocoa Bay STS – she is currently at the anchorage after her partial discharge at San Pedro de Marcoros.

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Kpler LPG (Quebec switched from LPG to Ammonia)

Originally Released on 22 June 2017

Vessels

Americas

3 VLGc’s and 1 MGC are expected to discharge their cargoes LAM, ex-USGC:

  • Petredec’s Morston, to discharge at Chorrillo, ETA 23-Jun, ex-Enterprise.
  • Trafigura’s Warisoulx, to discharge at Quintero Lipigas, ETA 26-Jun, ex-Marcus Hook.
  • Shell’s Yuricosmos, to discharge at Suape, ETA 29-Jun, ex-Enterprise.
  • Petrobras’ Bw Austria, to discharge at Suape, ETA 2-Jul, ex-Enterprise.
After waiting for more than a month in front of the US Gulf Coast, Clipper Saturn changed her destination and is now waiting in front of Marcus Hook to load her cargo in the following days. She was originally fixed by Geogas to load at Targa for discharging in LAM.
China’s Wanhua is picking up its first LPG cargo out of Houston, ETA 3-Jul. The nominated vessel is Bw Carina.
Solvang’s new build VLGC Clipper Freeport is fixed by P66 to pick up her first cargo out of Freeport, ETA early-Jul. She is relet to P66 until Jun-2027.
Gaschem’s MGC Gaschem Orca has started her first voyage by signalling for Balbao Anchorage, ETA 9-Jul. She is relet to the UK’s Sabic until Jun-2032.
Geogas’ Bw Frigg is currently heading to Ocoa Bay, ex-Freeport. She is expected to discharge her cargo there via STS by late June.
Marcellus Lady is currently waiting in front of Come by Chance to load her cargo there. This will be the very first LPG cargo picked out of this installation. She is been fixed, according to the market, by Silverpeak for a 6-month TC to act as floating storage off the East Coast of Canada.

above: The first LPG load ever at Come by Chance

Europe/Mediterranean

Quebec switched from LPG to Ammonia in her second voyage and was fixed by Maaden Ammonia to pick her 21 Kt Ammonia cargo out of Ras Al Khair to discharge it in S. Korea later in June.

Originally fixed for a voyage charter form Houston to Suape/Santos, Comet changes her destination and is now heading to discharge her cargo in Turkey, ETA 3-Jul.

The Market confirms chartering of Bw Pine by Petrobras for the end of June to transfer an LPG cargo to Flushing, ex-Houston. Her exact terminal of loading is yet to be confirmed by her AIS signal.

ExxonMobils’s Gas Leo did a partial loading at Mongstad. She is now waiting in front of Kaarstoe to complete her load in the upcoming days.

Geogas’ Champlain has just passed the Suez canal to reach her destination, ex-Bethioua. Her exact destination is yet to be confirmed.

Africa

According to the market, Bw Gemini has been fixed by Geogas for picking up her cargo out of Sanha, ETA 13-Jul. This destination is not yet confirmed by her AIS signal.

Chevron’s Hellas Glory has also signaled for a 14-Jul load at Escravos.

Asia
The second VLGC cargo out of Bonython in 2017 is expected to be picked by the end of June. The nominated vessel is Astomos’ Lucina Providence, currently heading towards the terminal, ETA 28-Jun.
Astomos’ Energy Orpheus is now heading to load her cargo at Westernport, ETA 26-Jun.
Shell’s Sea Bird performed a STS with another VLGC of shell Captain Markos NI at Nipah Anchorage to fully discharge her cargo, ex Nederland. She is now heading to reload at Al Ruwais, ETA 30-Jun.
After more than 2 years of LPG cargo transferring, Gaz Fraternity picked up her very first Ammonia cargo out of Jose Ammonia Plant to discharge it at Bontang Chemicals.
After completing her discharge in the Far East (ex-Ras Laffan), Bw Broker proceeded to partially load via a STS with Siamgas’ Ming Long at Nipah Anchorage. She has now signaled for Nederland and is expected to pass COGH to reach her destination, ETA 24-Jul.
Thenamaris’ new build MGC, Seaspeed is expected to be available at Ulsan Port by the end of June.

 

Morgans Point and Marcus Hook Ethane Exports Focus

We have witnessed a total of 83 Kt and 75 Kt of ethane exports in June so far for Morgans Point and Marcus Hook respectively, we seem to have witnessed less exports for Morgans Point (from 118 Kt in May) and no change for Marcus Hook.


above: June 2017 liftings out of Enterprise’s southern installation 

 


above: June 2017 ethane liftings out of Marcus Hook

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