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Market Information Hub - Liquefied Gas
 Shipping Developments
The newbuilding “Castillo de Santisteban” (170,000cbm) has been handed over to owners Empresa Naviera Elcano of Spain by Korea’s STX Shipbuilding & Offshore. She is the first LNGC to have been delivered by that shipbuilder and has been fixed on 20-year charter to Repsol YPF to lift exports from the 4.45mtpa capacity Peru LNG project; she is due to arrive at the Pampa Melchorita liquefaction plant ... [more]
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 Terminals
Netherlands-based 4Gas and Suntera Canada Ltd - the developers of a planned LNG import terminal in Nova Scotia, eastern Canada - have said that they will not now proceed with the venture, citing limited demand within Canada for imported natural gas and an inability to secure LNG supplies for the facility as their reasons for doing so. The Maple LNG terminal was to have been built at Goldboro, ... [more]
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 Liquefaction
US-based MDA Federal Inc has forecast that the United States will experience its mildest winter since 2005/06 this year, implying that demand for natural gas will be “drastically reduced” as a result.Germany’s E.On Ruhrgas has forecast that European markets will remain over-supplied with natural gas for the next 3 to 5 years. Elimination of this surplus hinges, E.On claims, on economic ... [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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