18th January 2021
Slightly more activity for the smaller coasters in North West Europe this week. Although we have not seen any great impact on rates, we expect fewer open positions next week as we notice more charterers looking at prompt business. Most of the cargoes we have seen has been butane and propane movements ex UK coast and Scandinavia and prior weekend there are around four prompt coasters around ARA. Larger coasters remain busy and we see less positions prompt in NWE. Slightly less activity further south and more vessels are available around GIB areas.
We have seen active LPG spot activities in the East pressurized shipping market this week. January LPG demand has kept healthy employment of Southeast Asia 5,000 CBM vessels with a handful spot fixtures recorded. Going forward, it is expected that regional LPG demand is decreasing with most buyers having completed stocking up for February and with reduced appetite for further imports. Butadiene spot activities have also been active this week. A Japanese trader and a Korean trader were each looking at February butadiene exports from Southeast Asia and India. In Far East, demand for propylene and butadiene import has been reduced. While there is a recovery in supply, demand has been reduced due to weakening downstream demand. As a result, there has been a lack of spot activities. Additionally, port congestion has caused a few vessels to be cancelled due to extended delays from their next program.
Time Charter Fixtures
No time charters to report
Sale and Purchase/New Buildings
no fresh orders to report this week
No second hand sale to report.
No news to report
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