9 vessels with US-sourced LPG are currently headed towards Europe. Among other reasons, these cargoes gave preference to Europe instead of doing their regular deliveries to the Far East due to the upcoming Chinese New Year (that fell on February 16) and therefore traditionally lower interest from Chinese buyers during this period.
This week we are witnessing 4 Ethane cargoes out of US:
Borealis’ Navigator Aurora, ex-Morgans Point, is heading to Stenungsund, ETA 9-Jan.
- Ineos’ Js Ineos Insight, ex-Morgans Point, is heading to Rafnes, ETA 7-Jan.
- Ineos’ Js Ineos Intrepid, ex-Marcus Hook, is heading to Grangemouth, ETA 7-Jan.
- RIL’s Ethane Opal, ex-Morgans Point, is heading to Dahej, ETA 24-Jan.
This week we are not witnessing any vessel heading to FE via the Cape of Good Hope. After 6 months of STS between Panama and Chorillo, Petredec’s Morston has finally crossed the Panama Canal and is signalling for Houston, ETA 19-Dec.
The following Ineos’ Ethane-dedicated vessels are on their to deliver their Ethane cargo to Europe:
RIL’s VLEC Ethane Topaz loaded another ethane cargo at Morgans Point and is heading to India. She is expected at Dahej by 9-Jan.
This week we are witnessing 1 vessel heading to FE via the Cape of Good Hope:
Clipper Saturn, ex-Enterprise, is heading to Ocoa Bay Anchorage, ETA 7-Dec. She is expected to discharge her cargo via STS with Bw Gemini.
This week we are not witnessing any vessels that is heading to FE via the Cape of Good Hope.
With 3 VLGCs heading and 1 VLGC currently fixed, ex-US, November exports to Europe are on the rise again reaching 222 Kt , similar to June figures.
was fixed by Statoil to deliver a cargo out of Freeport to Europe. She is expected at USGC on 8-Dec