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Latest From LPG

VLGC supply-demand pressure seen continuing

Poten expects to see significant increase in global seaborne supply of LPG with total exports at slightly above 111m tonnes in 2020 and less than 113m tonnes in 2021

International Tankers and Gas

China adds plants to fuel LPG recovery

Dorian expects 20 planned projects to add around 11.9m tonnes per annum of LPG demand through 2023

China Tankers and Gas

Suez Canal extends rebates for bulkers and tankers

The Suez Canal Authority has extended the discounts offered to bulk and liquid carrier transiting the canal until December 31 this year

Dry Bulk Tankers and Gas

How much further can VLGC rates fall?

Owners appear reluctant to charter out their vessels for longer terms, leaving their ships in the spot markets, Poten & Partners noted

Tankers and Gas Freight rates

Epic Gas reports death of chief engineer on vessel

The Oslo-listed firm said an autopsy will be carried out to determine the cause of death

Tankers and Gas LPG

Equinor sets carbon target for marine fleet

The oil and gas producer has tankers that burn LNG on hire already and is set to embark on large-scale use of LPG as marine fuel from next year

Norway Environment

Panama-flagged LPG carriers investigated for Iran shipments

The eight vessels have been tracked shipping liquefied petroleum gas to China and India during the past year. Five under investigation have reflagged to Panama after being deregistered by Liberia

North America Panama

South Korean yard confirms EPS’ $160m LPG trio

The orders have won Norwegian energy major Equinor backing with a five-year time charter, Lloyd’s List earlier revealed

Asia Pacific Tankers and Gas

VLGC earnings fall amid weak US–Asia arbitrage

Despite traders attempting to pry open the US–Asia arbitrage, prospects for the forthcoming months have seen netbacks edging closer to cancellation levels

Tankers and Gas LPG

Epic Gas warns LPG market recovery will be shortlived

The small LPG vessels specialist saw profits rise in the first quarter but sees tougher times ahead

Energy Fuels

Russian LPG cargo heralds new trade lane to India

In India demand for LPG, which is used mainly as a cooking gas, is likely to rise further because of increased domestic cooking as people stay under quarantine during the country’s coronavirus prevention measures

India Russian Federation

Rising LPG demand in India to boost spot rates

India is likely to increase imports of LPG from the Middle East, which supplied about 94% of its imports in 2019

India Tankers and Gas