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Freight rates. Freight Rates 2020 - 2021. Weekly quotes in US$ pr. ton. The above graph shows the quoted freight rates in the two main VLGC trade routes; the Arabian Gulf-Japan route (the Baltic VLGC index) and the US Gulf-Japan route (weekly quotes by Clarksons Platou and Poten & Partners). The graph is updated every week and is quoted in $/ton VLGC rates touched near two-year lows at $23.5/mt on June 23, 2020, Platts data showed. In contrast, rates recorded an interrupted rally over March 3, 2014 at $38/mt to $133.5/mt on Apr. 28, 2014 VLGC freight rates reach five-year high Very large gas carrier market has been boosted by several factors, including a rise in liquefied natural gas production from the US and the Middle East, a favourable arbitrage from the US to Asia, discharge delays and longer transit time in the Panama Canal

LPG freight witnessed sharpest decline in 20 years to more than seven-month lows at $30.5/mt Feb. 25, even as the Very Large Gas Carrier fleet is expected to see net growth of around 6% each year. Weekly Tanker Rates | By Jørn Bakkelund, Senior analyst 12 This report (including any future rates and/or forward-looking statements contained herein) are prepared by Clarksons Platou AS for general information purposes and for the recipient'sinternal use only. This report is based solely on publicly available information Bulk Carrier Freight Rates; Bulk Carrier Time Charter Rates; Reports; Additional Resources; Please select. Test Chart Title X. Tanker Worldscale Rate. Dirty VLCC MEG/Jap - 260,000. Dirty Suezmax Wafr/UKC - 130,000 6 months Clean LR2 MEG/Jap - 75,000. Clean LR1 MEG/Jap - 55,000. 6 months.

Freight rates / Investor Relations / AG - Avance Ga

  1. LPG shipping rates enjoyed record weekly gains today after surging to $70.5 per tonne, according to the Baltic Exchange. The increase represents a Very Large Gas Carrier (VLGC) freight rate.
  2. With global rate-graphs showing a relatively flatline, save for some small movements, Charterers are now reaching forward in order to nail down todays rates, which they perceive to be a safe bet . A case in point is a Wafr/Europe cargo that is presently working over three weeks ahead of the laycan, whereas you would normally work that route 12.
  3. utes. Month. Options. Chart. Last

VLGC rates in steepest freefall in two decades, hopes on

The Baltic Dry Index snapped a five-day losing streak and rose 2% to 3,241 on Wednesday, as the capesize index, which tracks iron ore and coal cargos of 150,000-tonnes, surged 6.3% to 3,499, amid rising prices of steel and iron ore. Meanwhile, the panamax index which tracks cargoes of about 60,000 to 70,000 tonnes of coal and grains, went down 10.2 to 4,150. Among smaller vessels, the supramax. Despite the strong fundamentals present in the US market, freight rates showed a diverging behaviour since the end of June. In particular, VLGC rates from Houston to Chiba dipped by 15%, throughout the week ending July 4, according to Argus Media price assessments. The reason behind this drop lies on the freight supply side On Monday, the Baltic Exchange assessed rates for very large gas carriers [VLGCs, LPG carriers with capacity of around 84,000 cubic meters] at $103,000 per day. That's up from lows of under $20,000 per day as recently as July Today, VLGC freight market has recovered from the bottom and rates have stabilized at above 40,000 dollars per day. BW LPG reiterates a positive market outlook for the second half of 2021. The is supported by recovery in LPG exports from both the US and the Middle East, reduced fleet supplies due to dry docks and shipping inefficiencies VLGC Freight Rates Recover. The Very Large Gas Carrier (VLGC) freight rates started to recover towards the end of the first quarter as U.S. consumption reverted to seasonally lower levels pushing U.S. LPG prices down, widening the geographical LPG price arbitrage between the U.S. and the Far East. According to BW LPG, the owner and operator of.

VLGC freight rates reach five-year high :: Lloyd's Lis

Platts assessed the VLGC Houston-Japan voyage at $85/mt Tuesday, its highest since February 26, 2016. The key PG-Japan VLGC freight rate was assessed at $52.50/mt Tuesday, up 28% week on week. It was last higher on February 1, 2016, at $54/mt, Platts data showed. However, shipowners and traders with their own vessels were cautious Clarksons is the world's leading provider of integrated shipping services, bringing our connections and experience to an international client base. Guiding you through the green transition Find out more about the solutions Clarksons can provide to help improve your carbon footprin Viewpoint: VLGC owners upbeat on 2020. Owners of very large gas carriers (VLGCs) are upbeat about 2020, with the market in a recovery period. But, new International Maritime Organisation (IMO) regulations on bunker fuels may restrain freight rates and profits. The three largest publicly-listed VLGC owners returned to profit this year after. VLGC freight rates have been in free-fall since August 2015 as fleet growth has continued to outpace demand. Over this period as many as 41 VLGCs have been delivered and as a result, spot rates.

Persian Gulf-Japan VLGC rates were valued at $56/mt May 7, with shipping sources expecting levels to touch around $60/mt this week, the highest since Jan. 28 at $61.5/mt, S&P Global Platts data showed Quarterly fleet wide VLGC freight rates averaged US$50,600 per day, with spot earnings of US$56,000 per day Declared Q4 2019 cash dividend of US$0.42 per share bringing total dividends declared. According to Clarksons Platou Securities, VLGC spot rates between the Middle East and Japan reached $51,300 per day as of June 4, up 12 percent week-on-week and up 21 percent month-on-month. Rates year-to-date are averaging $25,700 per day, compared to just $12,000 per day over the same period last year

Downtrend persists in VLGC rates; fleet expected to see

  1. Who we are. Representing a global community of shipping interests, the Baltic Exchange provides a framework for its members to commit to high standard of business practice. We are the trusted provider of maritime data for the settlement of physical and derivative contracts. Watch our Corporate Video. Play
  2. Declining VLGC freight rates in Asia and improving US rates are pulling ships to the West from the East to pick up growing volumes of LPG tonnes from the US Gulf to global markets, trade and shipping sources said this week. VLGC rates on the Persian Gulf to Japan route have slid to near four and half-month lows of around $52/mt, while freight.
  3. At its peak, rates jumped to over USD 100,000/day.However, VLGC freight rates came down significantly in late January, and we expect the market to be under pressure in Q2 2021. BW LPG has fixed approximately 80% of Q1 2021 Spot and Time charter available days at an average rate of USD 41,000 per day, on a discharge-to-discharge basis

Today, VLGC freight market has recovered from the bottom, it seems like the worst is behind us with rates stabilizing at above 40,000 dollars per day. We reiterate our positive market outlook for the second half of 2021. Overall demand for LPG continues to be very strong, especially supported by retail usages and growing petrochemical demand Argus freight rates will help bring clarity to the freight market. Underpinning the Argus VLGC freight assessments is a rigorous, market-appropriate methodology. This ensures that the highest editorial standards are consistently applied. The addition of new freight rate assessments for ship However, the company sees an improvement further out and BW LPG said: Despite the recent correction in VLGC freight rates, we continue to hold a positive outlook for the medium term VLGC market

Declining VLGC freight rates in Asia and improving US rates are pulling ships to the West from the East to pick up growing volumes of LPG tonnes from the US Gulf to global markets, trade and shipping sources said this week. VLGC rates on the Persian Gulf to Japan route have slid to near four and half-month lows of around $52/mt, while freight. A shipping source said if current levels persisted over time, it will lead to more new-buildings, but I think rates will stabilize soon and then further correct after Q1. Asked if the industry is again seeing a cycle of VLGC shortage and whether shipping companies would embark on another newbuilding round, a BW LPG spokeswoman told Platts. VLGC rates getting 'heady' After a multi-year stretch of painful losses, one sub-category of the liquefied petroleum gas (LPG) segment is finally starting to throw off cash in a major way. Rates for very large gas carriers (VLGCs), which have a capacity of around 82,000 cubic meters, are hitting new highs An estimated 31 VLGC vessels are in dry dock in the fourth quarter, according to data from shipping service provider Clarksons Platou. The VLGC freight rate on the Persian Gulf to Japan route was last assessed higher at $73.50/mt on Feb. 11, Platts data showed Freight Rates & Global LPG Demand The average benchmark Baltic route for VLGCs averaged US$29.8 per ton or US$15,000 per day in Q1 2019. BW LPG generated VLGC daily TCE of US$15,100 per day based on calendar days. VLGC freight rates weakened from December into the first quarter, mainly due to narrowing geographical LP

35 Freight Ferry 36 Car Carrier 37 LNG Carrier 38 General Cargo 39 Reefer 40 Cruise Ship. And the data points are; 1 Spot Rates 2 Spot Earnings / TCE 3 Timecharter Rates 4 Trip Charter Rates 5 Own Brand Indices 6 Secondhand Prices 7 Resale Prices 8 Delivered Prices 9 S&P Activity 10 Newbuilding Prices 11 Scrap Prices 12 Fixtures 13 FFAs 14 Port. Asian VLGC freight rates hit 11-week low amid weak LPG demand. Due to Saudi production issues, there is less FOB AG [cargo], I guess that's why [premiums have shot up], a trading source said (July 24, 2017) S&P Global Platts reports that very large gas carrier (VLGC) freight rates for routes out of the U.S. Gulf Coast have dipped to 10-month lows on an over-availability of vessels as propane cargo cancelations continue to plague the market. Freight rates to Northwest Europe from Houston have fallen to $20 a metric tonne, while the route to Japan was unchanged in mid-July at $43 a. Asian spot rates assessed by the Baltic Exchange rose a whopping $14.50 per tonne on Thursday, leaving time charter equivalent earnings at $75,000 per day, against $63,000 per day on Wednesday and. VLGC spot rates hit five-year high, closing in on $100,000 a day. Spot rates for VLGCs are on the cusp of hitting $100,000 a day, having hit highs in recent days not seen since August 2015. Rates.

Optimal freight rate management for VLCC Jonas Røn Thorsgaard Steen S070573 Kongens Lyngby 2013 IMM-M.Sc.-2013-13. Technical University of Denmark Informatics and Mathematical Modelling Building 321, DK-2800 Kongens Lyngby, Denmark Phone +45 45253351, Fax +45 45882673 reception@imm.dtu.d Heavy congestion in Panama Canal pushed VLGC rates to over US$100,000/day. Other shipping inefficiences such as a heavy drydocking schedules, delays at discharging ports and bunkering ports, weather disruptions in the US loading ports also supported the VLGC freight market in 2020 Based on the current Brent crude oil futures curve, and assuming unchanged US LPG prices, we estimate VLGC rates below USD 10k/d until 2020E. However, elevating the futures curve by a mere USD 10/bbl to around USD 60/bbl enables theoretical VLGC rates around USD 40-50k/d. This shows how sensitive spot rates are to global energy prices

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VLGC rates see record weekly jump in rates Seatrade Maritim

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  1. g in to Q1, the VLGC spot freight rates were around $100,000/day early January but subsequently crashed to OPEX levels by March as US Gulf exports slowed down due to the big freeze
  2. VLGC freight rates have been in free-fall since August 2015 as fleet growth has continued to outpace demand. Over this period as many as 41 VLGCs have been delivered and as a result, spot rates for these vessels touched a six-year low of $25 per tonne in April on the benchmark AG-Japan route
  3. Our quarterly LPG market forecaster provides a robust evaluation and outlook for the market from a shipping perspective. It also provides the usual detailed assessments of charter market activity, freight rates and vessel supply and demand. All quarterly report updates are accompanied by tables and charts in MS Excel format. This Forecaster annual subscription package now includes FREE Monthly.
  4. The year 2021 has been volatile for the LPG shipping industry. VLGC rates hit a peak at USD 110,000pd in January but soon nosedived by more than 90% in February, with charter rates on the key AG-Japan route touching USD 6,000pd. The wild swings after subsiding in March-April resumed again in May
  5. 2017 was very challenging for VLGC shipping, because the large vessel supply pressured freight market. VLGC earnings in the spot market ( averaged $12,500pd, far below that the break-even rate of $21,000pd
  6. In order to gain insight into the factors that led to the increase in VLGC freight rates and whether the freight rebound has an impact , FreightWaves interviewed Scott Gray, an LPG freight broker located in Texas. Gray is known in the industry as one of the co-founders of Waterborne Reports, a well-respected natural gas transportation.
  7. Freight rates and shipping charter rates are on the upswing in certain segments of the ocean transport market. VLGC spot rates between the Middle East and Japan reached $51,300 per day as of.

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  1. Chart: Fernley Securities. In order to gain insight into the factors that led to the increase in VLGC freight rates and whether the freight rebound has an impact , FreightWaves interviewed Scott Gray, an LPG freight broker located in Texas. Gray is known in the industry as one of the co-founders of Waterborne Reports, a well-respected natural gas transportation intelligence company that was.
  2. An Integrated Analysis of Interrelationships within the Very Large Gas Carrier (VLGC) Shipping Market. This article uses structural equation modeling to analyze the various relationships between supply (fleet size), demand (in ton-miles), freight rates, and newbuilding and secondhand vessel prices in the very large gas carrier (VLGC) market
  3. VLGC spot freight rates were around $100,000/day early January but subsequently crashed to OPEX levels by March as US . In US$ thousands (unless stated otherwise) Three months ended Three months ended Income statement: 31 March 2021 31 December 2021 TCE per day ($) 42,552 36,130 TCE earnings 47,786 41,260 Gross operating profit 35,348 29,15
  4. This article uses structural equation modeling to analyze the various relationships between supply (fleet size), demand (in ton-miles), freight rates, and newbuilding and secondhand vessel prices in the very large gas carrier (VLGC) market. The paper establishes the high volatility of demand for VLGCs and its significant impact on freight rates. Furthermore, freight rates are shown to be the.
  5. 2017 was one of the toughest years in the history for VLGC shipping as ample vessel supply squeezed the freight market. VLGC earnings in the spot market (on the benchmark AG-Japan route) averaged $12,500pd; way below the break-even rate of $21,000pd

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Freight rates of VLGC's are expected to increase at a rapid rate owing to the opening of the enlarged Panama Canal. The increasing demand for LPG especially in the Asia Pacific region is the primary driver bolstering the demand for very large gas carriers. The energy hungry countries such as Japan, China and India are the major centers for. VLGC rates surge on Saudi production issues. Shipowners foresee positive impact from Saudi attacks on freight markets as US-Asia shipments can cover supply shortfall in Middle East. 18 September. Shipping 8 Lower bunker costs cushion falling VLGC rates Trade By Region 14 Middle East 14 Indian demand growth bolstered as subsidy costs plunge Asia/Pacific 16 Full-year 2014 China numbers emerge Mediterranean/Africa 19 Mozambique to see first domestic production, plus increased import capacity meanwhile NW Europe 2

Argus LPG Freight Argus Medi

  1. Bulk Carrier Freight Rates. Tanker Worldscale Rates. Tanker TCE. Japanese Newbuilding Ship Values. 5 Year Old Secondhand Ship Values. SSY Capesize Indices. Bulk Carrier Freight Rates. Bulk Carrier Time Charter Rates. Reports
  2. VLGC spot rates hit five-year high on US exports to Asia. Analysts have put a positive spin on the VLGC sector as global delays sparked a spike in rates to their highest level in five years.
  3. g retail demand Asia.
  4. g in to Q1, the VLGC spot freight rates were around $100,000/day early January but subsequently crashed to OPEX levels by March as US Gulf exports slowed down due to the big freeze. US production rebounded quickly in early April with US ter
  5. i as part of BW LPG's dual-fuel engine retrofit project. Photo: BW LPG. BW LPG soars on back of strong freight rates for VLGCs
  6. The widening spread between prices in the U.S. and prices in the Far East region accommodated an increase in freight rates in the third calendar quarter of 2019. The Baltic VLGC Index began the.

VLGC rates decrease. VLGC rates on the Persian Gulf to Japan route have slid to near four and half-month lows of around $52/mt, while freight on the Houston to Japan route is holding near one-month highs of around $107/mt or more, S&P Global Platts data show Freight rate The agreed charge for the carriage of cargo expressed per ton(ne) of cargo (also Worldscale in the tanker market) or as a lump sum. Handysize/Handymax Bulk ship size ranges of ships defined by Clarksons as 10-40,000 dwt and 40-60,000 dwt. IMO International Maritime Organisation: a United Nations agency devoted to shipping. ISM cod

In shipping, we saw a much stronger quarter with rates rising steadily each month. The Baltic Index exceeded $40 per metric ton during July for the first time since February 2016 and has continued to climb, averaging $42 per metric ton in September and nearly $47 per metric ton thus far in October 2018 From the second half of 2020 and through 2021, over 40% of the global VLGC fleet will be scheduled for special survey. This will reduce fleet supply and should provide support to VLGC freight rates. VLGC Freight Market Outlook Although freight rates collapsed at the end of May, the market has shown strong recovery towards the end o However, VLGC freight rates came down significantly in late January, and we expect the market to be under pressure in Q2 2021. BW LPG has fixed approximately 80% of Q1 2021 Spot and Time charter available days at an average rate of USD 41,000 per day, on a discharge-to-discharge basis

East have led to one of the quickest and most pronounced corrections in VLGC freight rates in history. Today, VLGC freight market has recovered from the bottom, it seems like the worst is behind us with rate stabilizing at above USD 40,000 per day. We reiterate our positive market outlook for the second half of 2021 Vessel oversupply to persist in the VLGC shipping sector. 23 Nov 2016. London, UK, 23 November 2016 - High scheduled deliveries and low demolition prospects will drive unwanted fleet growth of very large gas carriers (VLGC) in 2017 putting additional pressure on freight rates, according to the latest edition of the LPG Forecaster, published.

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The VLGC sector is set to witness the largest growth, with capacity rising by 82%, from 8.3m cu. m. to over 15.0m cu. m. LPG Carrier Freight Rates & Costs to 201 Shipping The EBIT for the Business Unit Shipping in the first quarter of 2020 was USD 5.2 million compared to USD 4.0 million in the first quarter of 2019. The VLGC time charter return equivalent has continued to be strong during the first quarter and going through April supported by falling bunker prices and underpinned by solid LPG exports. High scheduled deliveries and low demolition prospects will drive unwanted fleet growth of very large gas carriers (VLGC) in 2017 putting additional pressure on freight rates, according to Drewry. VLGC rates remain under pressure on account of ample vessel supply and weak arbitrage opportunities caused by low LPG fuel prices The Very Large Gas Carrier (VLGC) freight rates started to recover towards the end of the first quarter as U.S. consumption reverted to seasonally lower levels pushing U.S. LPG prices down.

Persian Gulf-Japan VLGC rates were valued at $56/mt May 7, with shipping sources expecting levels to touch around $60/mt this week, the highest since Jan. 28 at $61.5/mt, data showed. VLGC rates on the Houston-to-Japan route were at $88/mt between April 20 and May 4 - a three-month high - before easing to $87/mt May 7, data showed The limited fleet of very large gas carriers (VLGCs) used to ship LPG is growing rapidly with a record new build order book of 72 ships - 45 percent of today's fleet of 161 vessels. Spot freight rates assessed daily by London's Baltic Exchange are also at record levels of $82/MT this week. Today we take a closer look at international LPG. VLGC freight rates Rapid growth in US export capacity and the LPG fleet make seasonality less pronounced 0 20 40 60 80 100 120 140 160 0,0 0,5 1,0 1,5 2,0 2,5 3,0 3,5 4,0 4,5 h on VLGC spot rate, TCE earnings and 12-month TC 1 Yr TC RT-Japan TCE RT-Japan spot (right) 0 500€000 1€000€000 1€500€000 2€000€00

Shresth Sharma, Senior Analyst for gas shipping at Drewry, said: Our outlook for 2018-20 suggests an average freight rate of $23,400pd, below the $28,800pd that was recorded between 2011 and 2013. The reason for the difference between average historical and future rates is that VLGC fleet ownership has become more fragmented since 2013 as. Market and Freight Rates. VLGC rates averaged USD 13,600 per day in the fourth quarter of 2016, or USD 26.3 per tonne on the benchmark Baltic route. Freight rates improved slightly due to an expansion of geographic LPG price spreads. This recovery in Asian LPG prices was led by winter heating season, as well as rising crude prices and delays in. Despite the substantial growth of the global VLGC fleet and lower freight rates, utilization rates remained high throughout the year. Waiting days in 2018 for the Avance Gas fleet totaled 190.6 days compared to 416.1 days in 2017, representing an average of 1.1 days per ship/month and a fleet utilization of 96.3%. This compares with average 2. Consequently, the VLGC freight rate from Houston to Chiba also jumped and doubled from an average of $90 per metric tonne in October to around $180 per metric tonnes in December, or a TCE. Most VLGC owners need between 15k and 25k/day rates to be cash flow neutral on these ships (more if you would include depreciation of ships). A large part of 2016 has clearly been money losing for.

VLGC rates forecast to hold up through 2021, Poten saysVLGC rates hold steady thanks to Middle East - Transport

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Downloadable (with restrictions)! This article uses structural equation modeling to analyze the various relationships between supply (fleet size), demand (in ton-miles), freight rates, and newbuilding and secondhand vessel prices in the very large gas carrier (VLGC) market. The paper establishes the high volatility of demand for VLGCs and its significant impact on freight rates At the same time completion of the 52 VLGCs on order is scheduled to take place in an orderly fashion through 2018 - and today's depressed freight rates will accelerate recycling of older vessels. Also supporting the controlled return of a balanced VLGC fleet and continued high fleet utilisation rates is the steady rise in US LPG exports

The curious case of declining VLGC rates - a blip or a trend

Overview. Dorian LPG (NYSE:LPG) is a pure-play LPG shipping company and a leading owner and operator of modern Very Large Gas Carriers (VLGC). It currently operates 5 VLGCs and 1 pressurized LPG. The recovery in VLGC freight rates was further strengthened by two occasions of fog and a temporary closure of the Houston Ship Channel due to fire and chemical spills

VLGC spot freight rates hit six-month daily low of $8kNew VLGC for Astomos Energy Named Laurel Prime | NYK LineFreight rates / Investor Relations / AG - Avance GasBIMCO: Caution required in 2018 to maintain marketfreight rates - Logistics Middle East