Fearnleys Weekly - Gas

Chartering

We have seen some activity both East and West this week. Most MEG fixtures have been done under the radar and the Baltic LPG Index has continue to rise on the back of it. Going forward owners aim to secure rates at arnd the USD 30 pmt mark bss Ras Tanura / Chiba. Market remain tight in the West and ships keeps disappearing in to COA system and a few fixtures has been reported. Rate level is in the High 50s for Houston / Chiba via Panama and looking ahead rates above USD 60 pmt might be in reach. One Trans-Atlantic voyage has been reported fixed in the high USD 20s bss Houston / Flushing.

Activity level

COASTER 15-23,000 cbm 82,000 cbm
Low Stable Stable

Rates

* Excl. waiting time, if any
SPOT MARKET (usd/month)* This week Last week Low 2017 High 2017
VLGC / 84,000 447,500.00 380,000.00 180,000.00 765,000.00
LGC / 60,000 470,000.00 470,000.00 350,000.00 500,000.00
MGC / 38,000 420,000.00 420,000.00 420,000.00 550,000.00
HDY / 22,000 350,000.00 350,000.00 350,000.00 550,000.00
ETH / 10,000 410,000.00 420,000.00 410,000.00 540,000.00
SR / 6,500 360,000.00 370,000.00 360,000.00 450,000.00
COASTER Asia 240,000.00 200,000.00 190,000.00 240,000.00
COASTER Europe 220,000.00 210,000.00 110,000.00 220,000.00

LPG/FOB prices (usd/tonne)

Propane Butane ISO
FOB North Sea / ANSI 514.50 505.50
Saudi Arabia / CP 575.00 580.00
MT Belvieu (US Gulf) 500.16 481.88 500.55
Sonatrach : Bethioua 525.00 520.00

LNG

SPOT MARKET (usd/day) This week Last week Low 2017 High 2017
East of Suez 155-165'cbm 42,000.00 40,000.00 25,000.00 42,000.00
West of Suez 155-165'cbm 49,000.00 47,000.00 29,000.00 52,000.00
1 yr TC 155-165'cbm 40,000.00 39,000.00 31,000.00 40,000.00

Sales and purchases

Vessel Cbm Type Built Buyers Price Misc
No reportable sales this week