spot cargoes

Global LNG Supply Puts VLGC Rates Close To Four-Year Highs

Very Large Gas Carrier rates on the key Middle East-Japan route have touched near four-month highs around $79/mt this week and looked poised to surpass $80/mt for the first time since October 2015, reports S&P Global Platts.

As a result more ships head to North America and Northeast Europe to lift LPG amid Saudi supply concerns and growing demand in Asia, traders said.

Spot cargo scenario 

Traders commented that India’s LPG imports have been rebounding steadily since stalling over July and August,...

http://mfame.guru/global-lng-supply-puts-vlgc-rates-close-to-four-year-highs/

Scrubber Fitted Tanker Fleet Too Large To Gain Advantage

  • Seascope’s estimate of scrubber-equipped VLCCs in mid-2020 equates to a quarter of the VLCC fleet.
  • 124 VLCCs are estimated to be retrofitted with scrubbers in 2019 or 2020, on top of the 50 newbuilding VLCCs that are due to be delivered with scrubbers.
  • By mid-2020 a scrubber-fitted VLCC could turn up in the Middle East Gulf and compete directly with other scrubber-fitted VLCCs, than being the unique option.
  • In the Suezmax fleet, estimate is that, the scrubber take up will be close to 20%,...

http://mfame.guru/scrubber-fitted-tanker-fleet-too-large-to-gain-advantage/