Kpler LPG (Lowest US Exports)

Originally Released on 7 September 2017

Vessels

Americas

One week after the Harvey Hurricane, the US Gulf Coast exports seems to be witnessing recovery since the beginning of September:

  • Freeport was the first installation to restart activity on Friday, Sept-1. Kunlun’s Chaparral completed her loading there and is now heading to her destination which is yet to be confirmed by her AIS signal.
  • Enterprise – 4 VLGC’s are currently completing or have completed their loadings:
    • G. Paragon, docked on 4-Sept to complete the rest of her load and is currently heading to Tuxpan Port for discharge, ETA 9-Sept.
    • Oriental Queen, docked at berth on 5-Sept.
    • Gas Ray, arrived at berth on 5-Sept.
    • Gas Taurus, docked at berth on 6-Sept.
  • Targa – 2 VLGC’s are currently at berth:
    • Geogas’ Clipper Moon, arrived at berth on 5-Sept.
    • Concorde, arrived at berth on 6-Sept.
    • Socar’s Bw Pine finally undocked after more than 2 weeks at berth and is now heading to Dortyol Port, ETA 24-Sept.
  • Nederland – 2 VLGC’s are currently at berth:
    • Shell’s Shaamit who returned to berth today to complete her load after more than 2 weeks at berth.
    • Leto Providence, docked at berth today.
    • Astomos’ Ns Frontier is also expected to join the other two VLGC’s at Nederland by the end of today.
  • Corpus Christi – Trafigura’s Kortrijk completed her load there on Sept-4. Her destination is yet to be confirmed by her AIS signal.

This week, we are witnessing 5 VLGC’s who are expected to pass Cape of Good Hope to load at Houston in the upcoming days:

  • Shell’s Shergar, ETA 26-Sept.
  • SK Corp’s Gas Tigers, ETA 29-Sept.
  • Shell’s Yuhsan, ETA 2-Oct.
  • British Councillor, originally fixed by Vitol to pick up her cargo out of Persian Gulf, she changed her AIS signal to Houston, ETA 3-Oct.
  • Astomos’ Linden Pride, ETA 9-Oct.

Solvang’s newbuild Clipper Vanguard has started her first voyage by signalling for Balboa Anchorage, ETA 28-Sept. She is expected to load at US Gulf Coast by early Oct. The VLGC is relet to P66 until Jul-2027.

Europe/Mediterranean

Berge Nantong is signalling for Mohammedia, ETA 12-Sept, ex-Oso. This is the first export between the two terminals since Jan-2016. Morocco received another VLGC cargo earlier in Sept from Norway. The nominated vessel was Shell’s Shahrastani who delivered 46-Kt butane cargo, ex-Stenungsund.

Originally signalling for Persian Gulf, Vitol’s Yuyo Spirits changed her destination and is currently signalling for Suez Canal, ETA 9-Sept.

Statoil’s Clipper Posh is expected to pass the Cape of Good Hope to load at Kaarstoe, ETA 4-Oct.

Africa
4 VLGC’s are expected to pick up their cargoes out of WAF in the upcoming days:
  • SwissChemGas’ Cresques, to load at Soyo, ETA 15-Sept.
  • Vitol’s Pampero, to load at Bioko, ETA 24-Sept.
  • Chevron’s Hellas Glory, to load at Escravos, ETA 22-Sept.
  • Chevron’s Ronald N, to load at Escravos, ETA 10-Sept.

Asia

Iris Glory is currently on her way to load at Westernport, ETA 9-Sept.

 

US Exports: the Lowest Week Ever on the Way of Recovery 
As predicted, last week ended up being a record low one for propane exports with only Geogas’ Bw Messina completing her load out of Marcus Hook. The recovery process started early this week by reopening Freeport on Friday Sept-1, followed by the Houston Port a while after. 7 VLGC’s and 1 MGC have completed their loading so far and Gas Ray and Geogas’ Clipper Moon are expected to finish loading before the end of this week.
below: US seaborne exports by grades
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Kpler LPG (Lowest EIA week)

Originally Released on 31 August 2017

Vessels

Americas

This week, we are witnessing 5 VLGC’s who are expected to pass Cape of Good Hope to load at Houston in the upcoming days:

  • Astomos’ Saltram, to load at Houston, ETA 16-Sept.
  • Gunvor’s Constellation, to load at Houston, ETA 16-Sept.
  • Summit River, ETA 23-Sept.
  • Shell’s Shergar, originally signalling for Persian Gulf, she diverted her destination to Houston, ETA 26-Sept.
  • SK Corp’s Gas Tigers, ETA 29-Sept.

After more than 4 years of taking loading in ME to discharge in FE, Eneos’ Sunny Bright has passed the Panama Canal to load at Houston this time, ETA 2-Sept.

After being a floating storage at Montevideo Alpha Zone Anchorage for 5 months, Oriental Energy’s Jia Yuan is expected to load at Markus Hook around the end of Sept for a voyage to East, according to the market. This is yet to be confirmed by her AIS signal.

After her partial discharge at Aruba, Trafigura’s Bw Libra discharged the rest of her cargo via STS with 2 smaller vessels at Port of Spain (Trafigura’s Navigator Pegasus and Rubis’ Tracey Kosan). She is currently heading to reload at Houston for discharge in Brazil under Petrobras, ETA 3-Sept.
Geogas’ Clipper Moon discharged her cargo fully via STS with another VLGC of Geogas, Summit Terra at Ocoa Bay Anchorage, ex-Freeport. She is currently heading back to Houston for reload, ETA early Sept.
Originally expected to load at Houston, Bw Volans changed her destination to Marcus Hook after more than 3 weeks of waiting at US Gulf Coast. She is expected to dock at berth there by 2-Sept to pick up her cargo under Sunoco.
After more than 2 months at Lomé Anchorage, Glencore’s British Courage completed her discharge via STS there and is now signalling for Houston, ETA 11-Sept.
Petredec’s Parthia has docked at San Gregorio, loading her cargo for her first voyage. She is the first VLGC ever to load at this terminal.
Europe/Mediterranean

3 VLGC’s are currently heading to discharge at FE, ex-Kaarstoe, under Statoil: Caravelle (ETA late Sept), Clipper Sun (ETA 22-Sept) and Bw Aries (ETA early Sept).

Shell’s Shahrastani has completed her loading at Stenungsund. This is the first VLGC cargo out of this terminal since Dec-2015. Her exact destination is yet to be confirmed.

Statoil’s Clipper Posh has passed the SGP Area and is currently on her way to reach her destination at Kaarstoe, ETA 4-Oct.

Shell’s Pacific Weihai is currently on her way to discharge her cargo in Turkey, ex-Nederland, ETA 4-Sept. She is expected to head to Bethioua later at the end of Sept for reload under CSSA, according to the market.

Africa

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

  • Berge Nantong, currently waiting in front of Bonny Island Port to load.
  • Petredec’s Clipper Quito, ETA 3-Sept.
  • Vitol’s Clipper Odin, to load at Bioko, ETA 5-Sept.
  • ExxonMobil’s Copernicus, to load at Bonny Island Port, ETA 9-Sept.
  • SwissChemGas’ Cresques, to load at Soyo, ETA 15-Sept.

Asia

Bw Vision (82,200 cm) has changed name to Nanga Devi after being purchased by SCI (Shipping Corporation of India). She is the first VLGC purchase of SCI.

 

Harvey’s Aftermath: Lowest EIA Week Ever to Come
With no propane exported out of US Gulf Coast this week, the US is expected to witness the lowest week ever in LPG exports. Geogas’ Bw Messina was the only VLGC who completed her loading at Marcus Hook. SHV’s Keswick and Touraine were the only other vessels to complete their butane loadings at Geismar and Chesapeake respectively. Socar’s Bw Pine and Shell’s Shaamit are still at berth and are not likely to complete their loading within this EIA week (week ending on 1-Sept) and the final figure is expected to finish with less than 100 kbd.
below: US seaborne exports by grades
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Kpler LPG (Ethane Emerald’s switch back to ethane)

Originally Released on 24 August 2017

Vessels

Americas

This week, we are witnessing another 3 VLGC’s heading to FE via Cape of Good Hope:

  • Statoil’s Sunstar, ex-Freeport, to arrive at SGP Area by 24-Sept.
  • Sunoco’s Musanah, ex-Nederland, to arrive at SGP Area by 2-Oct.
  • Mabanaft’s Constitution, ex-Enterprise to arrive at SGP Area by 2-Oct.

For the third time since July, Morston completed her load via STS at Balboa Anchorage, this time with Clipper Victory, ex-Enterprise. She then proceeded to discharge her cargo at Chorrillo, and Clipper Victory is currently heading back to Freeport for reload, ETA 25-Aug.

Ethane Emerald is signalling for Suez, ETA 24-Aug. After her last ethane cargo delivery to Dahej in June, RIL’s VLEC stayed in India and delivered two propane cargoes to Aegis Mumbai, ex-Jamnagar Sikka. She is expected to load at Morgans Point later in the second half of September.


above: Ethane Emerald’s switch back to ethane

Middle East

After waiting at SGP Area for almost 3 weeks, Pacific Binzhou finally updated her AIS signal and is currently heading to Incheon. Naftomar’s VLGC is expected there by 25-Aug.

SHV’s Gas Taurus just arrived at Sohar Anchorage, ex-Yanbu. She is expected to join another SHV’s VLGC,  Hisui who has been there as floating storage since early August.

Europe/Mediterranean

After more than one year of delivering to LAM, ex-US, Geogas’ Clipper Saturn changed her destination this time and is signalling to Tarragona, ex-Targa, ETA 6-Sept.

With 3 VLGC’s and 1 LGC currently signalling for Europe, ex-US, August exports to Europe seems to be on the rise again compared to July:

  • Sunoco’s Ronald N, heading to Terneuzen, ex-Nederland, ETA 25-Aug.
  • Shell’s Pacific Weihai, heading to Dortyol Port, ex-Nederland, ETA 5-Sept.
  • Geogas’ Clipper Saturn, heading to Tarragona, ex-Nederland, ETA 5-Sept.
  • Shell’s Sea Bird, heading to Dortyol Port, ex-Nederland, ETA 11-Sept.
above: US exports to Europe by destination countries
Africa

Geogas’ Clipper Moon is heading to discharge via STS at Ocoa Bay Anchorage, ex-Freeport, ETA 26-Aug.

 

Asia

After her discharge at Botany, Geogas’ Pointis signalling for Kwinana, ETA 30-Aug. First VLGC ever to load there.

Vilma’s Monsoon is heading to discharge at Kalbut, ex-Targa, ETA 19-Sept.

 

India Imports on Recovery

 

After 3 consecutive months of decrease since March, India finally witnessed recovery in July with 961 Kt of imports. SA holds the biggest share followed by Qatar and UAE. The increasing trend is expected to continue in August following government’s determination to meet rising domestic demand on cooking fuel and reducing the use of polluting fuel such as wood.

After signing the first ever contract to import one VLGC of LPG each month from Iran for an initial period of 6 months, IOC’s Gas Beryl completed her load at Asauyeh last week and is currently signalling for Ennore, ETA 31-Aug.

 

below: India imports by origin countries
Below is YTD and Monthly comparison of 2016 & 2017 Kpler Indian import figures vs. official PPAC figures until July. There is less a 4% difference for YTD flows ending in Jul-2017.
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Kpler LPG (Newbuilds Focus)

Originally Released on 17 August 2017

Vessels

Americas

Nisyros is signalling for Marcus Hook, ETA 20-Aug. This will be the first lpg cargo for this vessel to pick out of the US.

After partial load via STS at Nipah Anchorage with Ming LongAstomos Earth now signalling for Fortaleza, ETA 5-Sept. She will be the first VLGC to discharge there

After completing her discharge at Maputo and Beira, ex-Sanha, Bw Gemini is currently signalling for Houston, ETA 30-Aug

Europe/Mediterranean

Sunoco’s Ronald N is currently heading to Terneuzen, ex-Marcus Hook, ETA 24-Aug.

After full discharge via STS with the Floating Storage Berger Summit at St. Thomas Anchorage, ex-Freeport, Clipper Star is now heading to Arzew Port for reload, ETA 22-Aug.

Africa

Sonangol’s Bw Empress is currently at Luanda Anchorage acting as Floating Storage, ex-Soyo.

Trafigura’s Bw Leo is signalling for Soyo, ETA 23-Aug.

 

Asia

Shell’s Sinndar signalling for Male, ETA 10-Sept. She is expected to discharge her cargo via STS there.

Trafigura’s George N finally arrived at her destination at Brisbane Anchorage, ex-Targa, and is currently discharging her cargo via STS with smaller vessels. She has replaced Trafigura’s Bw Njord and is expected to stay there as Floating Storage for the next few weeks.

Naftomar’s Pacific Binzhou is stopped at Nipah Anchorage since the end of July and is expected to join Shell’s Captain Markos NI and Siamgas’ Ming Long as Floating Storage at this anchorage.

Newbuilds Focus

We are seeing some newbuilds being added to the fleet since June, including 6 VLGC’s:

  • Parthia (78,500 cm), fixed by Petredec to load at San Gregorio, ETA 30-Aug. She is the first VLGC ever to load at this terminal.
  • Legend Prestige (83,000 cm), relet to Astomos until Apr-2018, she has picked Al Ruwais as her next destination for her third laod, ETA 18-Aug. She has had delivered two cargoes to the FE, ex-US and Australia so far.
  • Clipper Freeport (80,000 cm), relet to P66 until Jun-2027, she is currently on her way to discharge in the FE via Cape of Good Hope.
  • Pacific Hong Kong (84,000 cm), relet to Shell until May-2024, she is currently waiting in front of Zhuhai Port to discharge her cargo, ex-Umm Said.
  • Pacific Shanghai (84,000 cm), fixed by Petredec and is currently loading her cargo at Ras Laffan.
  • Anderida (80,000 cm), fixed by Shell to deliver her first cargo to the FE, ex-Nederland, ETA early-Sept.
  • Kruibeke (38,000 cm), TC’d up to 3 months by Petredec, she completed her first load via STS with Hisui at Sohar Anchorage.
  • Navigator Jorf (38,000 cm),long TC’d by OCP, she is currently signalling for Suez, ETA 20-Aug. Her exact destination is yet to be confirmed.
  • Seaspeed (38,000 cm), TC’d by Glencore for 3 months, she completed her first voyage by delivering her 21 Kt butanne cargo to Mombasa and Port Qasim, ex-Kharg Island. She is now returning to Persian Gulf for reload.
  • Trammo Cornell (38,000 cm), long TC’d under Transammonia, she is on her way to discharge at Nanjing Refinery, ex-Ain Sukhna, ETA 26-Aug.
  • Gas Venus (38,000 cm), TC’d for 10 years by Transammonia, she is currently on her way to load at Point Lisas, ETA 19-Aug.
  • Pgc Periklis (7,500 cm), PGC’s newbuild has been active at SGP Area, completing several voyages by loading via STS with Shell’s Captain Markos NI.

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Kpler LPG – VLGC’s head Far East via Cape of Good Hope

Originally Released on 10 August 2017

Vessels

Americas

This week, we are witnessing another 3 VLGC’s heading to FE via Cape of Good Hope as the $4/t market contango continues:

  • P66’s Clipper Freeport, ex-Freeport, to arrive at SGP Area by the end of Aug.
  • Shell’s Secreto, ex-Nederland, to arrive at SGP Area by 8-Sept.
  • Astomos’ Gas Capricorn, ex-Nederland, to arrive at SGP Area by 14-Sept.

4 VLGC’s are heading to load their cargoes at US Gulf Coast via Cape of Good Hope:

  • Astomos’ Ns Frontier to load at Nederland, ETA 29-Aug.
  • Shell’s Hellas Poseidon to load at Houston, ETA 4-Sept.
  • Shell’s Hellas Sparta to load at Houston, ETA 8-Sept.
  • Mabanaft’s Levant to load at Enterprise, ETA 10-Sept.

Petredec’s newbuild Parthia is signalling for San Gregorio, ETA 30-Aug. She is the first VLGC ever to load at this terminal.

E1’s Leo Green completed her load at Marcus Hook. She is currently signalling for Cristobal Anchorage, ETA 13-Aug and is expected to discharge her cargo in the FE later this month. Her exact destination is yet to be confirmed by her AIS signal.
Middle East
Newbuild Kruibeke is currently on her way to load at Sohar under Petredec, ETA 10-Aug.
Europe/Mediterranean

Gaschem Bremen is on her way to discharge at Dortyol Port, ex-Hammerfest, ETA 14-Aug.

Leaving Brisbane Anchorage after acting as a floating storage there for almost 2.5 months, Bw Mindoro completed her discharge at Aygaz Izmit, ex-Bonny Island Port. She is now signalling for Aliaga, ETA 10-Aug.

Dow’s Bw Orion is currently docked at Tarragona to discharge her 45 Kt propane cargo, ex-Marcus Hook.

Statoil’s Sansovino is waiting loaded in front of Yarimca-Izmit Port to discharge her cargo, ex-Kaarstoe.

Africa

After partial discharge at Maputo, ex-Sanha, Geogas’ Bw Gemini discharged the rest of her cargo via STS with Geogas’ Champlain at Beira. Champlain is staying at Beira, discharging her cargo via STS with smaller vessels.

Geogas’ Seasurfer heading to discharge her cargo at San Juan Port, ex-Bethioua, ETA 12-Aug.

Petredec’s Saltram discharged most of her 46 Kt cargo (23:23) via STS with Petredec’s Motivatior at Beira. She is currently headed to complete her discharge by delivering the rest of her cargo to Petredec Mauritius, ETA 11-Aug.

3 VLGC’s are currently heading to load at WAF:

Asia

After more than 2 months of acting as Floating Storage at Brisbane Anchorage, Trafigura’s Bw Njord finally discharged her cargo fully and is now heading to SGP Area, ETA 20-Aug. Trafigura’s George N who is on her way to Brisbane Anchorage is expected to replace Bw Njord by 14-Aug.

After partial discharge at Vung Tao, Vitol’s Pampero is currently docked at Sriracha, discharging the rest of her cargo there, ex-Bonny. The last cargo transfer from WAF to Thailand dates back to 2015. Another VLGC of Vitol, Mistral also delivered part of her cargo to Vung Tao, early Aug, ex-Bioko, before heading to Raoping to complete her discharge.

Astomos’ Crystal Marine is currently docked at Bayu Undan, loading her 44 Kt cargo (22:22).

ExxonMobil’s Chinook is signalling for Westernport, ETA 23-Aug.

Currently docked at Shantou delivering her 44 Kt cargo, ex-Al Ruwais, Shell’s Gas young is signalling for NWS for her third voyage, ETA 17-Aug.

Newbuild Trammo Cornell on her way to load at Nanjing Refinery for her first voyage. She is long TC’d under Transammonia.

US Exports Focus

34 VLGC’s have completed loading at US Gulf Coast and are currently on their way to deliver their cargoes to their destinations:

Out of 27 vessels that are headed to FE:

  • 18 vessels have passed or are expected to pass the Panama Canal to reach their destination.
  • 9 vessels are expected to pass go to the FE via COGH.

4 vessels are headed to S. Americas.
2 vessels are on their way to Australia.
1 vessel is expected to head to NWE after completing her load at Marcus Hook (Sunoco’s Cratis).

US Gulf Coast loadings to deliver to their destinations
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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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