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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Kpler LPG (Recovering US Exports)

Originally Released on 21 September 2017

Vessels

Americas

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

  • Mabanaft’s Levant, signalling for SGP Area, ETA 15-Oct.
  • Shell’s Hellas Sparta, signalling for SGP Area, ETA 25-Oct.

Petredec’s Morston loaded again via STS at Balboa Anchorage, this time with Petredec’s Clipper Victory. She is expected at Chorrillo today for discharge.

Astomos’ Crystal River finally completed her load at Nederland for her first voyage, currently heading to FE for discharge.

Newbuild Aisling has left the Ulsan Shipyard and is signalling for Balboa Anchorage, ETA 4-Oct. She is relet to Shell until Sept-2022. The VLGC is expected to load at US Gulf Coast by the first half of Oct.

Europe/Mediterranean

After more than 2 years at Ocoa Bay Anchorage, Geogas’ Summit Terra has finally moved out. She is currently heading to Turkey, ETA 1-Oct.

Petredec’s Bw Odin discharged her cargo fully via STS at Suez Anchorage with VLGC Isis Gas and Gas Pride, ex-Asaluyeh. Her next destination for load is yet to be confirmed.

2 VLGC’s are currently heading to Terneuzen for discharge, ex-Marcus Hook:

Navigator Pegasus is signalling for Jorf Lasfar to discharge her 12 Kt butane cargo, ex-Corpus Christi, ETA 28-Sept. 

Africa

After her partial load at Kwinana, Geogas’ Pointis headed to EAF and discharged her cargo via STS with Geogas’ Champlain near Mahajanga Port. She is currently waiting at Durban Anchorage.

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

  • ExxonMobil’s Copernicus, just completed her load at Oso.
  • SwissMarine’s Cresques, currently loading at Soyo.
  • Chevron’s Ronald N, waiting in front of Escravos to load.
  • Chevron’s Hellas Glory, to load at Escravos, ETA 22-Sept.
  • Vitol’s Pampero, to load at Bioko, ETA 24-Sept.
  • Bw Brage, to load at Soyo, ETA 13-Oct.

Asia

Shell’s Secreto discharged her cargo fully via STS with 2 Siamgas’ VLGC’s, ex-Nederland: Ming Ming at Nipah Anchorage and Ming Zhu at Sriracha. She is currently heading back to Houston for reload, ETA 22-Oct.

SK Gas’ Bw Tyr is on her way to load at NWS for a FE discharge, ETA 23-Sept.

 

US Exports on Recovery
3 Weeks after the Harvey Hurricane, the US flows are on the rise:
Based on Kpler data, 35 VLGC’s are currently loading or have loaded their cargo since 3 weeks ago and are currently on their way to their destinations. Enterpriseholds the highest record of exports with 11 VLGC’s, followed by Nederland and Targa with 8 and 6 vessels, respectively.

above: US cargoes currently in transit or loading


above: US cargoes currently in transit or loading by Origin Installations

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Kpler LPG (Ethane Focus)

Originally Released on 14 September 2017

Vessels

Americas

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

  • Shell’s Ns Frontier, signalling for SGP Area, ETA 15-Oct.
  • Naftomar’s Bw Cedar, signalling for SGP Area, ETA 25-Oct.

After loading via STS with Trafigura’s Bw Libra at the Port of Spain, Trafigura’s Navigator Pegasus proceeded to complete her voyage by discharging fully via another STS with Permian Lady. She is currently loading at Corpus Christi.

Morston is currently discharging at Chorrillo after her load via STS at Balboa Anchorage with TGO’s Jenny N. This is the 5th time she is loading her cargo via STS to discharge at Chorrillo since July.


above: Morston’s voyages since July 2017

Petredec’s Parthia is heading to Chorrillo for discharge after her load at San Gregorio, ETA 16-Sept.

Gas Young discharged the rest of her cargo to Ulsan and is now signalling for Panama Canal, ETA 9-Oct. After 2 ME and 1 Australia voyages, Shell’s newbuild is expected to load at USGC by mid-Oct for her fourth load.

Europe/Mediterranean

Sinndar finally arrived at Male Anchorage, ex-Nederland. Shell’s VLGC performed a STS with Shell’s Floating Storage Lubara.

Total’s Hellas Serenity has passed the Suez Canal for discharging in the FE, ex-Bethioua. She is expected to pass the SGP Area by 18-Sept.

Asia

For the first time in 2 years, Australia is receiving a cargo from the Middle East. Trafigura’s Bw Njord is signalling for Brisbane, ex-Ras Laffan, ETA 21-Sept. Upon arrival, she is expected to replace Trafigura’s George N who’s been acting as Floating Storage at Brisbane Anchorage since mid-Aug.

Petredec’s Bw Trader has discharged fully via STS with Petredec’s Manifesto at Nipah Anchorage, ex-Escravos. Manifesto has stayed at Nipah Anchorage since, continuing her STS operations. Skarpov who has been at Nipah Anchorage as FS since April, completed her load fully via STS with Manifesto and is now signalling for China, ETA 19-Sept. Shell’s Secreto also performed a STS with Ming Ming after her arrival at Nipah Anchorage, ex-Nederland and is now heading to Sriracha to complete her discharge, ETA 16-Sept.

 

Ethane Focus

Below is a chart of ethane seaborne exports based on Kpler data since 2016. With Enterprise’s Morgans Point being commissioned on 1-Sept-2016, the exports witnessed a considerable increase.

  • Reliance and Enterprise signed a 1.5 million ton/year long-term contract to supply the Indian cracker with US shale ethane late-16. VLEC Ethane Crystal(87,000 cm) started its first voyage the same year and delivered the first cargo on Feb-17. 5 More VLEC’s have been added to the fleet since:
  • Besides Dahej, the demand side was even more expanded with Enterprise also closing a 10-year deal with Braskem to feed its Rio de Janeiro cracker in 2016. So far, 2 Braskem vessels have been carrying ethane cargo between the 2 terminals: Gaschem Arctic & Gaschem Atlantic.
The rest of the terminals on the demand side keep receiving cargo as before:
  • Ineos’ Grangelmouth in Scotland, commissioned early Sept-16
  • Rafnes in Norway
  • Stenungsund based Borealis terminal


*: The Jan, Feb and Mar-16 for Kaarstoe have been estimated

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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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