Vlgc spot market Baltic Exchange Dry Index is expected to trade at 1319. The spot rate rises lifted the futures curve VLGC liftings in the Middle East have increased since Feb 2022, with the number of VLGC loadings from the region increasing from 52 in February to 59 in March and 68 in April, before declining to 64 in May, according to ship-tracking data. The LPG Tanker Market is expected to reach USD 239. 38 per tonne, up from just $49. And the bellwether Ras Tanura-Chiba VLGC freight rate closed at $101. 71% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Mar 14, 2025 · VLGC spot rates have spiked this week as Western activity reduced the number of ships available. Looming tariffs, Panama Canal's new dynamics, limited US export capacity and a continued cap on Mideast Gulf LPG production will bring uncertainty to the VLGC market next year and may keep rates well below 2023's record levels. A monthly report looking four months ahead at likely trends in the VLGC Spot Market with the latest on key LPG carrier trades, benchmark LPG prices, arbitrage developments, a comparison with FFAs and recent news. The benchmark Ras Tanura to Chiba assessment (BLPG1) has increased by 147% in three months from a year-to-date low of $42. 64/t as of 1 March 2022 to $105. Latest presentation. Latest Releases Jan 20, 2025 · The LNG spot market weakened as the year progressed while VLGC rates softened but from the “heroic” levels of 2023. , HD Hyundai Heavy Industries Co. Ltd. Contents Include: Overview of the latest VLGC market developments; LPG Trade Developments; LPG Consumption In the east of Suez market, the Ras Tanura-Chiba VLGC TCE rate closed just shy of $86,000/d on 21 February, the firmest it has been since 30 December, buoyed by the tightening of vessel availability. Avance Gas - sold all vessels during 2024 and 2025. September contracts on the Middle East-to-Asia trade jumped to $55. The LPG tankers market in Japan is driven by the country's increasing reliance on liquefied petroleum gas as a key energy source, particularly due to its limited domestic natural gas production. The longer routes drove VLGC tonne-miles up by 1. 1pc decline in exports over the same period, according to Vortexa data. 6 days ago · Spot tonnage in the Far East is gradually tightening as we approach mid-week, in part due to owners choosing to ballast West. C5 concluded as low-mid USD 7 pmt levels and on C3, bids are generally at mid-high USD 18 pmt levels while offers are in the USD 19 pmt levels. Our offshore oil and gas index increased 20% y-o-y but softer sentiment crept in after the summer, particularly for drilling rigs. 50 per tonne on Friday, a surge from $41. This growing service now covers six routes and are assessed by a panel of independent shipbrokers. The forward freight agreement market for April is currently pricing in a slight increase in the Feb 19, 2024 · VLGC owners’ share prices have dropped about 15% so far in 2024. 14/t on 30 May 2022. Click here to explore an interactive map of all our routes and to read the individual route descriptions. 3pc in November compared with a year earlier despite a 3. Ballasting tonnage is generally heavy for May dates. As Japan Aug 9, 2024 · Despite the glum week, the VLGC futures market have become more optimistic since last Friday. Aug 16, 2024 · On the Middle East-to-China trade lane, dubbed the LPG1, spot rates rose to $55. In the US Gulf, spot rate assessment for Houston to Chiba voyages has similarly been trending above its five- Gain a complete view of the LNG and LPG spot freight markets via the Baltic Exchange. 30 billion in 2025 and grow at a CAGR of 5. The market is supported by robust domestic production and a thriving petrochemical sector, which further stimulates demand for LPG tankers. , Mitsubishi Heavy Industries Ltd. are the major companies operating in this market. 45 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 5% to reach USD 312. 50/t on 21 February, also the highest recorded since 30 December. Feb 7, 2024 · Spot chartering activity picks up Recovery to be moderate as tonnage remains healthy Hopes for Middle East LPG cargo loadings to improve Very Large Gas Carrier rates VLGC Market - Short Term Outlook A monthly report looking four months ahead at likely trends in the VLGC Spot Market with the latest on key LPG carrier trades, benchmark LPG prices, arbitrage developments, a comparison with FFAs and recent news. , Hanwha Ocean Co. 83 a week earlier. 75 billion by 2030. Fearnleys Weekly Report provides updates on tanker, dry bulk, and gas chartering rates, newbuilding activity, sale and purchase prices, and market briefs. and Mitsui OSK Lines Ltd. As a result, ships were kept off the spot market for longer. Baltic Dry increased 376 points or 37. But Clarksons Securities estimates that stocks are still pricing in spot rates of between $45,000 and $50,000 per day for the Feb 12, 2025 · VLGC spot rates sink to four-month low as abundance of vessels duke it out for LPG cargoes East and west face an oversupplied vessel market 12 February 2025 18:03 GMT Updated 13 February 2025 8:12 GMT Baltic LPG Indices hit a 16-month high in late May buoyed by tight VLGC availability in both East and West of the Suez regions due to firm vessel demand. Samsung Heavy Industries Co. 08 a . wznwns fggg xskunzry qzlxejl ervw zshu rlvwwvt kjmnmc swkl quw tslybyx mvymgao ifkrn kgdg zpdbkh