- Shell’s Anderida early track is indicating a voyage through the long route. She is signalling for SGP Area, ETA 23-Nov.
BP’s British Councillor, ex-Enterprise, to discharge at Terneuzen, ETA 21-Oct.
Clermont has been fixed by BP to lift a cargo out of NWS to FE. She is expected at NWS on 3-Nov.
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.
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
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.