Market Report 1/06/21 - 6/06/21

06th  July 2021 

NWE/MED

We have seen yet another active week on coasters in North West Europe. On the smaller ships the market is tight on prompt dates with limited shipping options. However, going into early week we should see more positions coming open around ARA. On the bigger coasters there has been less activity and limited Morocco enquiries and there is more length in the positions. At the time of writing ENI is out in the market looking for a ship to do 4700 mts Butane ex Arzew 21- 25 July and this remains unfixed.

SEA/FEASTIt was an uneventful week in the East pressurised market with fewer spot cargo enquirers. In the Petchem segment, majority of July contract cargoes were already tied up on trader-controlled TC tonnage. Chinese Butadiene exports were prominent this week with three cargoes exported to Taiwan on MOC vessels. Activity in the LPG segment was also slow. Trader relets were being marketed this week confirming the low activity.

Time Charter Fixtures

No time charters to report

Sale and Purchase/New Buildings

New Buildings

No news to report

Second Hand

No news to report

Scrapping

No news to report

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