LPG in World Markets: Spot TCE earnings go below TC rates
LPG World Markets
July 2020
VLGC freight rates have nosedived in the past two months amid lower export volumes from the…
Reuters: Marine fuel market facing tougher third-quarter as supply rises
July 3, 2020
Similarly, spot crude oil tanker fixtures fell 7% in the first half of 2020 compared to year-ago…
TradeWinds: Bahri and Petrobras rise through the ranks as tanker charterers
July 3, 2020
Bahri and Petrobras were chartering more tankers in the first half of 2020 despite an overall slowdown…
Tanker Midterms – 2020
July 2, 2020
Top Reported Dirty Spot Charterers for 1H 2020*
As we have reached the end of the first half…
TradeWinds News: Dry-docking needs for VLGC fleet could help rates, Poten says
July 1, 2020
Requirements to dry-dock around 30% of the trading VLGC fleet over the next 18 months could help…
LNG in World Markets: Asia Flat as Heaviest US Cancellation Month Firms Atlantic
LNG in World Markets
June 2020
Asian spot price continued to trade sideways at low-$2s/MMBtu for second-half July…
TradeWinds News: Yinson VLCC trio books $2.3m profit during hot tanker months
June 30, 2020
At the time of the cancellation, VLCCs were earning about $248,200 per day on the spot market,…
LNG Market Outlook: LNG market enters period of extreme weakness
LNG Market Outlook
June 2020
June was set to be a weak month after more than 30 cargo cancellations out of…
LPG Market Outlook: Uncertainty in oil markets weigh on Middle East exports
LPG Market Outlook
June 2020
Earlier this month, the members of OPEC+ agreed to extend the 9.7 MMb/d production cuts on…
Hellenic Shipping News: Global gas prices teeter above record lows on virus optimism, weather
June 26, 2020
Without a strong recovery in global economic activity, LNG demand will take some time to recover, reflecting…
