VLGC fleet expansion gains momentum The rate of growth in the net VLGC fleet supply increased in 2019 as there were more vessel deliveries and no scrap sales. A total of 18 vessels were delivered in 2019 and 16 VLGCs have already joined the existing fleet during the first nine months of 2020, with three more expected in 4Q.
US C3 Inventory above 5-year range. Energy Transfer’s recently announced 250 thousand b/d NGLs expansion at the Nederland terminal in 2H 2025 is not included in the US LPG export capacity and will be added as the specifics are known. Data compiled May. 31, 2023.
Nov 25, 2021 · US Gulf and USEC VLGC exports were 80 cargoes on a monthly average for the third quarter compared to 78 cargoes in Q2. US exports have been strong but inventory levels are below 5-years average. High US LPG prices have narrowed the …
OPIS assesses partial and up to a full size Very Large Gas Carrier (VLGC) of fully-refrigerated propane loading FOB at U.S. Gulf Coast terminals (Enterprise, Targa, Nederland and Freeport) for two forward half-month cycles. Specification is …
The USGC to Japan spot VLGC rate at the beginning of March was at $153/t after falling to just $109/t six weeks ago, posting a 40% increase during those six weeks. The time charter equivalent also gained momentum. It appears the sharp increase in the February Saudi Aramco propane contract price (CP) and lower exports
Weekly Spot VLGC Rates A multinational naval coalition is providing safeguards but there are daily reports of attempted attacks and hijacking. As a result, many VLGCs are opting to ballast back to the US Gulf Coast from the Far East around the Cape of Good Hope (COGH) instead of going through the Suez Canal.
“JANUARY 29, 2018 — South Korea's plans to pioneer LPG as a marine fuel with a GE Combined Gas turbine Electric and Steam System (COGES) powered car/passenger ferry are picking up pace.
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VLGC Very large Gas Carrier. LPG carriers with over 75,000 cbm load capacity The normal size for modern vessels is 82,000 cbm. As opposed to Panamax VLGC, these vessels cannot sail through the Panama Canal.
Abstract This article uses structural equation modeling to analyze the various relationships between supply (fleet size), demand (in ton-miles), freight rates, and newbuilding and secondhand vessel prices in the very large gas carrier (VLGC) market.
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