Fearnleys Weekly - Gas

Chartering

In the market for the VLGCs In the East, things have certainly tightened up. Very much due to the fact that the Indian Oil companies have entered the market with several cargoes and consequentially the line-up of ships for December loading in the MEG is decreasing gradually. The week-on-week change on the Baltic VLGC index has been an upward move of about 1 dollar, representing an increase on Time charter equivalent rates just below 30,000 per month. The Western VLGC market is following suit, with a few days with fog in the Houston ship channel creating a some programming issues for both Owners and Charterers. Most trader relets are fixed out ex USG and owners again asking freight rates of USD low 60s pmt bss Houston / Chiba via Panama.

Activity level

COASTER 15-23,000 cbm 82,000 cbm
Strong Stable Increasing

Rates

* Excl. waiting time, if any
SPOT MARKET (usd/month)* This week Last week Low 2017 High 2017
VLGC / 84,000 474,000.00 458,000.00 180,000.00 765,000.00
LGC / 60,000 525,000.00 525,000.00 350,000.00 525,000.00
MGC / 38,000 440,000.00 430,000.00 420,000.00 550,000.00
HDY / 22,000 370,000.00 360,000.00 350,000.00 550,000.00
ETH / 10,000 410,000.00 410,000.00 410,000.00 540,000.00
SR / 6,500 360,000.00 360,000.00 360,000.00 450,000.00
COASTER Asia 250,000.00 250,000.00 190,000.00 250,000.00
COASTER Europe 300,000.00 250,000.00 110,000.00 300,000.00

LPG/FOB prices (usd/tonne)

Propane Butane ISO
FOB North Sea / ANSI 556.50 503.00
Saudi Arabia / CP 590.00 570.00
MT Belvieu (US Gulf) 513.84 471.12 489.98
Sonatrach : Bethioua 560.00 530.00

LNG

SPOT MARKET (usd/day) This week Last week Low 2017 High 2017
East of Suez 155-165'cbm 73,000.00 65,000.00 25,000.00 73,000.00
West of Suez 155-165'cbm 80,000.00 70,000.00 29,000.00 80,000.00
1 yr TC 155-165'cbm 55,000.00 55,000.00 31,000.00 55,000.00

Sales and purchases

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