12th May 2017
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.
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.
No scrapping news to report
Disclaimer:This market report is prepared in good faith, however a significant part of it is based on estimates and market rumors and therefore nothing stated in the report should be taken as a confirmed fact.
StealthGas Inc. denies the responsibility for any errors and/or omissions of whatsoever nature found in the market reports posted on this website.
Any retransmission, reproduction or quoting of this market report is prohibited unless written permission has been received from StealthGas Inc.