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Maritime News

Irans Feb LPG exports dip to around 400000 mt after post sanctions peak in January

Iran’s LPG shipments eased to between 358,500 mt and 402,500 mt in February after recording a post-sanctions high of 520,000 mt in January, sustaining robust exports after normal production resumed in mid-November following maintenance at the South Pars gas field, fixtures from shipping sources showed this week.

The February shipments are destined for China, Taiwan, Africa and possibly India, according to shipping sources and S&P Global Platts trade flow software cFlow.

Unlike in previous months, no vessels were seen bound for Indonesia, as Iran and Indonesia are still negotiating the renewal of their term contract. Naftiran Intertrade Co., or NICO, a subsidiary of National Iranian Oil Co., lifted a 44,000-mt evenly split cargo from Iranian Gas Commercial Co., or IGCC, at Assaluyeh on February 17, aboard the VLGC BW Elm, cFlow showed. The vessel is now off southwestern Sri Lanka, cFlow showed.

According to shipping sources, NICO was also due to lift an IGCC cargo comprising 33,000 mt of propane and 11,000 mt of butane on a second trip aboard the BW Elm. cFlow showed that the vessel is destined for Mailiao in Taiwan.

Pacific Petrochemical lifted a 44,000-mt evenly split cargo from PGPICC aboard the Sea Dragon, which is due to arrive in Ningbo on March 5. It is currently in the Indian Ocean, according to cFlow.

Pacific Petrochemical also lifted a cargo comprising 33,000 mt of propane and 11,000 mt of butane from IGCC aboard the Gas Courage, which is due to arrive in Ningbo on March 3, cFlow showed. The VLGC is currently off Singapore.

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