16th June 2017
We have seen less prompt availability of smaller coasters in North West Europe this week. This have put some upward pressure on rates. A couple of Owners have experienced delays as Charterers have had difficulties selling their cargoes but as we step closer to weekend more positions are confirmed. At the time of writing there are only a couple of prompt open vessels however, due to vessels last cargo these are not necessarily preferable to some Charterers. Next wave of available smaller coasters will be from early/middle of next week. The majority of the cargoes we have seen has been butane- and propane ex UK Coast and Scandinavia, for mostly delivery options within ARA. The Mediterranean market remains quiet and most traders are using own vessels to cover their program
In Asia, spot pressure premiums remained firm in June which could lead traders slowing down and look towards a lower premium next month. FOB selling indicators from S.China terminals are at June CP + USD low 30s/t. There have been very limited vessels showing open positions, as was seen when a 3000mt cargo was quoted, loading from S. Korea to N. China for an early July laycan. The Charterer still tried their best to ship the cargo and in the end was rumoured to be working a Chinese vessel.
Time Charter Fixtures
Vessel Built cbm Delivery Redelivery Laycan Hire Charterer
Mathraki 2003 22,000 Ceuta N.W.E Jun-17 HNR Geogas
Sloman Ariadne 2011 20,500 Bioko Jun-17 HNR Vitol
Epic Barbados 2001 7,200 Gibraltar Gibraltar Jun-17 HNR Geogas
Epic St Kitts 2008 5,000 Asia Asia Jan-18 HNR Petredec
Epic St Agnes 2015 5,000 Asia Asia Mar-18 HNR Petredec
Epic St George 2007 5,000 Asia Asia Mar-18 HNR Petredec
Fatime 2010 5,000 Asia Asia Sep-17 HNR Petredec
Helane 2009 5,000 Asia Asia Jan-18 HNR Petredec
Gas Dream 2006 5,000 Asia Asia Dec-17 HNR Petredec
Gas Elixir 2011 5,000 Asia Asia Feb-18 HNR Petredec
Gas Inspiration 2006 5,000 Asia Asia Sep-17 HNR Petredec
Gas Prodigy 2003 5,000 Asia Asia Sep-17 HNR Petredec
Eco Enigma 2015 5,000 Asia Asia Jan-18 HNR Petredec
Eco TBN 5,000 Asia Asia Jun-17 HNR Petredec
DL Daisy 2011 5,000 Asia Asia Sep-17 HNR Petredec
DL Lily 2011 5,000 Asia Asia Nov-17 HNR Petredec
JS Jaguar 2012 5,000 Asia Asia Oct-17 HNR Petredec
Emily Kosan 2012 3,700 Asia Asia Dec-17 HNR Petredec
Sale and Purchase/New Buildings
No new buildings to report.
FGAS Vietnam has acquired their sixth, small pressurised LPG Vessel this year, with their purchase of the 2,500 cbm BUENA GRACIA (Built 1996 at Miura Zosensho) from Tabuchi Kaiun. The deal is understood to have been concluded in the middle of May. The price is expected to be in the mid/high US$ 2 mill’s.
No new scrapping news to report
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