Weekly Market Report 5/5/17 - 12/5/17

12th May 2017

NWE/MED

This week started off relatively quiet with few quotations in North West Europe. But as the week progressed we have seen prompt- and advanced enquiries. This have shortened the overall list of prompt vessels. During the week we have also seen traders pushing their relets with short gaps and eventually have managed to fix spot cargos at a competitive level. A few Owners are still awaiting final declaration of discharge port, whilst others have been busy scheduling own COA program. Most of the cargos we have seen this week has been butane and propane ex UKC and Scandinavia. Furthermore, there has also been talks about smaller- and larger LPG volumes ex NWE.

SEA/FEAST

There has been an increase level of activities in pressurized market in the east. It is expected that Indonesia might still have cargo available for export in May. Additionally, there is increasing C4 cargo availability in Southeast Asia which has created a sense of tightness in shipping.

Time Charter Fixtures

Kent (2007/35,000cbm) fixed for 30-40days TC to a/c Ameropa bss del Yuzhny May dates / mid usd 500k pcm

Pacific Gas (2017/22,000cbm) fixed for 30 days TC to a/c SHV bss del Fujairah May dates / usd 365k pcm

Sale and Purchase/New Buildings 

No sale and purchase/newbuilding news to report.

Scrapping

No scrapping news to report

 

 

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