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Market Information Hub - Liquefied Gas
 Shipping Developments
Shanghai LNG Shipping Co, a joint venture between China National Offshore Oil Corp, China LNG Shipping (Holdings) Co and Shenergy Group, has ordered a 147,000cbm LNGC from Hudong-Zhonghua Shipbuilding (Group) Co. This is the sixth LNGC contract won by the latter - a subsidiary of China State Shipbuilding Corp - and the first LNGC to have been ordered worldwide since May 2008. She is due to be ... [more]
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 Terminals
In Argentina, the LNG regas vessel “Excellence” (138,124cbm, blt 2005) is temporarily to replace her sister, the “Excelsior” (138,000cbm, blt 2005), which has been acting as a floating LNG import facility at Bahia Blanca in recent months. This will enable the latter to undergo her dry-docking and Special Survey.The former LNGC “Golar Freeze” (125,862cbm, blt 1977) is reportedly set to be ... [more]
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 Liquefaction
In Iran, China’s state-owned China National Petroleum Corp (CNPC) has agreed a deal, under which it will develop phase 11 of the South Pars gas field. This is due to provide the feedgas for the Iran’s planned Pars LNG project although, to date, the threat of US trade sanctions against companies participating in oil & gas ventures in Iran has discouraged various prospective foreign partners from ... [more]
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 Overview
Last week saw LPG product prices fall in line with dropping crude prices. Prices were hit both in Europe and Asia. ... [more]
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 VLGC
There is very little incentive for product to be moved in the current market climate, which is not helping the long tonnage list, with at least half a dozen owners having vessels idle in the MEG. The question is whether the expected drop in cp prices for February and March will be enough to correct the current situation.The shipping market is much tighter in the West with only a few ... [more]
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LGC/MGC
In the LGC market, there are still uncovered requirements for January, with charterers unable to secure tonnage for January loading dates.The MGC sector is very firm at the moment, with a number of spot and COA requirements keeping the majority of the fleet occupied. ... [more]
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 Coasters
The coaster market continues to tighten and, with many owners fixing early in the month and running very tight programmes, it is difficult to see many ships coming open through January. The situation has been heightened by delays in areas of Europe, due to adverse weather conditions. ... [more]
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 Petchems
Ethylene exports ex-US to Europe continued to command rates of around US$220/mt. All January stems seem to have been fixed and players are now looking into February. The propylene market is equally buoyant, with cargoes been sent to NWE and the Far East at healthy levels for owners. ... [more]
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Sale & Purchase
Petredec are reported to have purchased the 1985-built, 77,700cbm vessel, the "Hourai Maru." Price is rumoured to be in the region of US$24m. ... [more]
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 Representative Freight Rates
VLGC MEG - Japan, 40/44,000t, US$27.50/t.3,800t Tees-Lisbon, US$68/t1,800t Tess-ARA, US$42/t ... [more]
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