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日本海事新聞ニュース Japan Maritime Daily Jan 20, 2021 (Wed)

‌【Market 2021】VLGC market conditions remain high

Currently, it is over $ 80,000 a day, more than three times the break-even point.

　The high price range of the VLGC (Very Large LPG ＜liquefied petroleum gas＞ Carrier) market has been ・・・続きはログインして下さいnext %E3%80%80The+high+price+range+of+the+VLGC+%28Very+Large+LPG+%EF%BC%9Cliquefied+petroleum+gas%EF%BC%9E+Carrier%29+market+has+been+maintained+for+a+long+time.+Since+mid-October+last+year%2C+the+Middle+East-Far+East+route+has+maintained+more+than+double+the+break-even+point+%28mid-+%24+20%2C000%29+for+new+vessels%2C+surpassing+%24+100%2C000+a+day+in+December.+Although+the+rise+is+showing+signs+of+slowing+down%2C+it+has+secured+a+daily+denominated+value+of+just+over+%24+80%2C000%2C+more+than+three+times+the+break-even+point.+The+favorable+market+conditions+were+mainly+due+to+the+extension+of+ton+miles+due+to+active+departures+from+North+America+shipment%2C+stagnant+vessels+in+the+Panama+Canal%2C+and+an+increase+in+the+number+of+vessels+docked+for+delivery+in+2015-2016.+Some+of+the+VLGC+fleets+operated+by+Japanese+carriers+have+adopted+the+market-linked+type%2C+and+rising+market+charter+conditions+will+be+a+factor+pushing+up+profits.+%3Cbr%3E%E3%80%80Most+of+LPG+is+for+consumer+use+%28for+general+households%29%2C+and+demand+remains+firm+despite+the+stagnation+of+economic+activity+due+to+the+coronavirus+pandemic.+The+environmental+load+is+low+compared+to+other+fossil+fuels.+In+addition%2C+it+has+begun+to+be+used+as+a+new+fuel+for+ships%2C+and+strong+transportation+demand+is+expected+to+continue.+%3Cbr%3E%E3%80%80On+the+maritime+trade%2C+departures+from+North+America+have+become+more+active+against+the+backdrop+of+the+widening+price+gap+between+East+and+West+waters+for+LPG%2C+and+the+ton+miles+of+transportation+to+Asia+has+been+extended+compared+to+that+from+the+Middle+East%2C+which+has+traditionally+been+the+mainstay.+Furthermore%2C+the+stagnation+of+the+Panama+Canal+and+the+VLGC%2C+which+was+completed+in+large+numbers+in+2015-2016%2C+have+reached+the+time+for+regular+inspections%2C+which+has+tightened+the+supply+and+demand+of+vessels.+%3Cbr%3E%E3%80%80According+to+Clarksons+Research+in+the+U.K.%2C+the+VLGC+market+%28Middle+East+-+Far+East+trade%29+was+in+the+%2420%2C000+per+day+range+until+mid-July+last+year.+However%2C+it+has+rebounded+sharply+afterwards%2C+surpassing+%2450%2C000+in+August%2C+which+is+double+the+break-even+point.+Furthermore%2C+in+the+winter+energy+demand+season%2C+it+exceeded+the+%24+100%2C000+mark+at+the+end+of+December.+%3Cbr%3E%E3%80%80The+rise+has+stopped%2C+and+it+has+softened+slightly+in+the+mid+%24+80%2C000+range.+A+tanker+manager+at+a+Japanese+carrier+said%2C+%E2%80%9CIt+may+have+been+a+reaction+to+the+rise+for+a+long+time%2C%E2%80%9C+and+%E2%80%9CIndia%E2%80%99s+demand+has+weakened+slightly.%E2%80%9C+However%2C+it+still+maintains+a+high+price+range+that+is+more+than+three+times+the+break-even+point.+%3Cbr%3E%E3%80%80About+5-10+vessels+of+the+Japanese+big+carriers+VLGC+fleet+mainly+have+medium+to+long-term+contracts%2C+and+there+are+few+spot+operations.+However%2C+some+have+adopted+a+market-linked+method%2C+and+a+rise+in+spot+market+conditions+has+the+effect+of+boosting+profits+to+a+certain+extent.%3Cbr%3E%3Cbr%3E%3Cbr%3EDisclaimer%3A+The+English+translations+provided+through+this+service+are+the+result+of+translations+made+by+The+Japan+Maritime+Daily+or+automatically+and+mechanically+translated+by+The+Japan+Maritime+Daily+using+an+automated+translation+system+provided+by+a+third+party+after+certain+processing+of+the+Japanese+content+licensed+by+the+third+party.+In+terms+of+the+English+translation%2C+The+Japan+Maritime+Daily+and+MarineNet+Co.%2C+Ltd.+make+no+warranty+or+burden+of+any+kind%2C+express+or+implied%2C+including+its+accuracy%2C+reliability%2C+validity+or+fitness+for+a+particular+purpose.+MarineNet+Users+should+fully+understand+that+this+service+uses+an+automated+translation+system+that+automatically+and+mechanically+recognizes+and+analyzes+information+and+produces+results.+The+users+should+understand+the+above+conditions+before+using+this+service.%3Cbr%3E%3Cbr%3E%E5%85%8D%E8%B2%AC%E4%BA%8B%E9%A0%85%EF%BC%9A%E3%81%93%E3%81%AE%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%82%92%E4%BB%8B%E3%81%97%E3%81%A6%E6%8F%90%E4%BE%9B%E3%81%95%E3%82%8C%E3%82%8B%E8%8B%B1%E8%A8%B3%E3%81%AF%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%81%8C%E4%BD%9C%E6%88%90%E3%81%99%E3%82%8B%E3%81%8B%E3%80%81%E5%8F%88%E3%81%AF%E3%80%81%E7%AC%AC%E4%B8%89%E8%80%85%E3%81%8B%E3%82%89%E4%BD%BF%E7%94%A8%E8%A8%B1%E8%AB%BE%E3%82%92%E5%8F%97%E3%81%91%E3%81%9F%E6%97%A5%E6%9C%AC%E8%AA%9E%E3%81%AE%E3%82%B3%E3%83%B3%E3%83%86%E3%83%B3%E3%83%84%E3%82%92%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%81%8C%E4%B8%80%E5%AE%9A%E3%81%AE%E5%87%A6%E7%90%86%E3%82%92%E8%A1%8C%E3%81%A3%E3%81%9F%E4%B8%8A%E3%81%A7%E3%80%81%E7%AC%AC%E4%B8%89%E8%80%85%E3%81%8C%E6%8F%90%E4%BE%9B%E3%81%99%E3%82%8B%E8%87%AA%E5%8B%95%E7%BF%BB%E8%A8%B3%E3%82%B7%E3%82%B9%E3%83%86%E3%83%A0%E3%82%92%E5%88%A9%E7%94%A8%E3%81%97%E3%81%A6%E8%87%AA%E5%8B%95%E7%9A%84%E3%83%BB%E6%A9%9F%E6%A2%B0%E7%9A%84%E3%81%AB%E7%BF%BB%E8%A8%B3%E3%81%97%E3%81%9F%E7%B5%90%E6%9E%9C%E3%81%A7%E3%81%82%E3%82%8A%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B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