Weekly Market Report 22/6/20 - 29/6/20

29th June 2020

NWE/MED

Activity slowed down this week on the coasters in NWE and Mediterranean with fewer market quotes and cargoes. The position list remains plentiful and there are still plenty of vessels prompt open, with more expected to come open over the weekend both in the North and in the MED. Rates are steady at low levels, and we don’t expect any big changes in the near future.

SEA/FEAST

There were limited spot activities reported in the East pressurized market due to regional holidays. A handful of spot LPG cargoes were concluded this week with imports into Indonesia and Vietnam. Going into next week, further discussions were expected with import demand into Bangladesh. C4 Raffinate exports were discussed this week basis exports from Taiwan in July, which found home in China and consequently will be covered under MOC vessels. More Southeast Asia exports in July are expected next week as buyers finalize July program. Propylene activities have cooled down and it is reported that most of the buyers are already covered for July and eyeing for August. We have therefore seen reduced employment of propylene vessels in July.

Time Charter Fixtures

Vessel

Built

CBM

Charterer

Period

Deli/Redel

Laycan

Hire

Vega Song

2018

78 700

SHV

40 d

MEG/MEG

09-09 JUL

Baltic 26  

Gas Al Negeh

2007

82 000

BPCL

6+6 m

MEG/India

01-20 JUL

k

Oriental Queen

2004

82 524

SHV

9-12 d

MEG/MEG

ely JUL

k

Pampero

2015

83 000

Vilma

30-45 d

USG/East

24-25 JUN

k

BW Balder

2016

84 000

Vitol

short

USG/USG

03-04 JUN

k

Sale and Purchase/New Buildings

New Buildings

No newbuilding news to report.

Second Hand

The 22,500 cbm fully ref NIJINSKY (built 2008 at HHI) has been sold to Indonesian interests for a price of excess US mill. She has already delivered into Indonesia and has been renamed GAS AMARIN JAYA. She is being technically managed by Arcadia Shipping Pte Ltd Singapore

Scrapping

No news to report.

week


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