This growing service now covers six routes and are assessed by a panel of independent shipbrokers, with assistance from an independent surveyor where necessary. We publish the information across three segments: LNG And LPG Freight .
INTRODUCTION
LNG refer to a natural gas that has been converted into a liquid form for the ease and safety of transportation. It is normally warmed to make natural gas to be used in heating and cooking as well as electricity generation and other industrial uses, but also can be kept as a liquid for an alternative transportation fuel. LPG is a type of fuel consisting of hydrocarbon gasses in liquid form, it is mainly used as a fuel source in applications including freighting, industrial applications, vehicle use and even propellants or refrigerants . LPG can be obtained primarily from the refining process from oil production.
Today we will learn about the new service which was introduced on the Baltic Exchange – Spot Freight Market on Liquid Natural Gas (LNG) and Liquid Petroleum Gas (LPG).
This service provides weekly assessments of the LNG and LPG spot market. The purpose of the assessment is to provide subscribers with information on rates, movements in rates, general freight conditions, key suppliers and charterers’ intentions. The reports are used by shippers, receivers and traders to determine their future procurement plans. A panel of independent shipbrokers, with assistance from an independent surveyor where necessary, submit their views on key supply and demand factors.
The service has six different routes which are assessed every week. They are: (H2)
- The Panama Route – covering services between the US Gulf Coast/US West Coast and Far East (Suezmax only)
- The Suez Route – covering Egyptian ports of Port Said, Alexandria and Damietta
- The Australia/New Zealand – Far East Route (Aframaxes only)
- The USA-Europe Route (Suezmax Only)
- The Northwest Europe-Mediterranean Route (Suezmax Only )
For the purpose of the assessments, LNG carriers are divided into three groups:
Group 1 : Suezmaxes and Aframaxes ranging from 180,000 to 230,000 tonnes deadweight (tdw)
Group 2 : Suezmaxes ranging from 120,000 tdw to less than 180,000 tdw
Group 3 : Aframaxes ranging from 80,000 tdw to less than 120,000 tdw.
The assessment for all three groups also includes Panamax size vessels between 80, 000 tdw and 100 , 000 dwt .
Charterers’ forward bookings in the spot market could be a useful indicator of supply and demand for any given period, particularly when viewed alongside other data such as vessel utilization rates. The Baltic Exchange Spot freight survey will include an analysis of charterers’ forward bookings (and cancellations) based on enquiries received over the previous month. They are expressed as the number of cargoes contracted for, or withdrawn from chartering during that time by size range. These figures should not be seen as substitutes for consensus earnings forecasts which take into account many more factors than just new orders; they are simply one of several inputs used to help determine the outlook for the tanker market.
LNG and LPG
Gain a Full view of the LNG and LPG spot freight markets via the Baltic Exchange. This growing service now covers 6 routes & are assessed by a panel of independent shipbrokers.
our routes and to read the individual route descriptions:
- LPG data available since 2002
- LNG (marine fuel) assessments launched 2019
- LNG (LNG fuel) assessments launched 2021
- $/day & $/ton assessments
- Based on assessments by leading shipbrokers
LNG
- BLNG1(g) Australia to Japan RV 160000 cbm
- BLNG2(g) US Gulf to Continent RV 160000 cbm
- BLNG3(g) US Gulf to Japan RV 160000 cbm
LPG
- BLPG1 Middle East Gulf to Japan
- BLGP2 US Gulf to Continent
- BLGP3 US Gulf to Japan
OPEX
A quarterly index tracking the daily vessel operating costs for Both LNG and LPG vessels.
The Baltic Operating Costs Index, Gas “GOPEX” is calculated using crewing, technical and insurance costs. Published quarterly, the assessment is based on assessments by leading third party ship managers.
A five-year old dry dock cost, amortized over five years, is published separately.
Gas
Shipping Type
The Baltic Liquefied Petroleum Gas (BLPG) routes represent the major trades of the LPG market – LPG is a type of fuel consisting of hydrocarbon gasses in liquid form.
The Baltic Liquefied Natural Gas “BLNG” routes represent the major trades of the LNG market, is a natural gas that has been converted into a liquid form for the ease and safety of transportation.
LNG
Sector
LNG is a natural gas that has been compressed into a liquid form for the ease and safety of transportation. LNG is normally warmed to make natural gas to be used in heating & cooking as well as electricity generation and other industrial uses. LNG can be kept as a liquid to be used as an alternative transportation fuel.
Vessel
Baltic LNG vessel is based on the following specification 91,500 mt dwt TFDE propulsion. 160,000 cbm capacity. 17 knots on 100mt marine fuel or 210cbm LNG laden. 17knts on 95mt marine fuel or 16knts on 190cbm LNG ballast, 0.1% boil off. Port consumption idle 20 mt marine fuel or 42 cbm. LNG per day and consumption working 40mt marine fuel or 85cbm LNG per day. Max age 20 yrs.
Select a route
LNG1
Route
Delivery Gladstone, loading 25-40 days from Index date, for a derived round voyage via Tokyo of 22 days duration, with redelivery Gladstone, based on daily hire and lumpsum assessments with 1.25% total commission.
Vessel
Baltic LNG vessel is based on the following specification 91,500 mt dwt TFDE propulsion. 160,000 cbm capacity. 17 knots on 100mt marine fuel or 210cbm LNG laden. 17knts on 95mt marine fuel or 16knts on 190cbm LNG ballast, 0.1% boil off. Port consumption idle 20mt marine fuel or 42cbm LNG per day and consumption working 40mt marine fuel or 85cbm LNG per day. Max age 20 yrs.
LNG2
Route
Delivery Sabine, loading 25-40 days from Index date, for a derived round voyage via Isle of Grain of 28 days duration, with redelivery Sabine, based on daily hire and lumpsum assessments with 1.25% total commission.
Vessel
Baltic LNG vessel is based on the following specification 91,500 mt dwt TFDE propulsion. 160,000 cbm capacity. 17 knots on 100mt marine fuel or 210cbm LNG laden. 17knts on 95mt marine fuel or 16knts on 190cbm LNG ballast, 0.1% boil off. Port consumption idle 20mt marine fuel or 42cbm LNG per day and consumption working 40mt marine fuel or 85cbm LNG per day. Max age 20 yrs.
LNG3
Route
Delivery Sabine, loading 25-40 days from Index date, for a derived round voyage via Tokyo of 53 days duration (routing via Panama canal), with redelivery Sabine, based on daily hire and lumpsum assessments with 1.25% total commission.
Vessel
Baltic LNG vessel is based on the following specification 91,500 mt dwt TFDE propulsion. 160,000 cbm capacity. 17 knots on 100mt marine fuel or 210cbm LNG laden. 17knts on 95mt marine fuel or 16knts on 190cbm LNG ballast, 0.1% boil off. Port consumption idle 20mt marine fuel or 42cbm LNG per day and consumption working 40mt marine fuel or 85cbm LNG per day. Max age 20 yrs.
BLNG1(g)
Route
Delivery Gladstone, loading 25-40 days from Index date, for a derived round voyage via Tokyo of 23 days duration, with redelivery Gladstone, based on daily hire and lumpsum assessments with 1.25% total commission. Basis the Baltic LNG carrier burning LNG fuel, delivered cold ready to load.
Vessel
Baltic LNG vessel is based on the following specification 91,500 mt dwt TFDE propulsion. 160,000 cbm capacity. 17 knots on 100mt marine fuel or 210cbm LNG laden. 17knts on 95mt marine fuel or 16knts on 190cbm LNG ballast, 0.1% boil off. Port consumption idle 20mt marine fuel or 42cbm LNG per day and consumption working 40mt marine fuel or 85cbm LNG per day. Max age 20 yrs.
BLNG2(g)
Route
Delivery Sabine, loading 25-40 days from Index date, for a derived round voyage via Isle of Grain of 29 days duration, with redelivery Sabine, based on daily hire and lumpsum assessments with 1.25% total commission. Basis the Baltic LNG carrier burning LNG fuel, delivered cold ready to load.
Vessel
Baltic LNG vessel is based on the following specification 91,500 mt dwt TFDE propulsion. 160,000 cbm capacity. 17 knots on 100mt marine fuel or 210cbm LNG laden. 17knts on 95mt marine fuel or 16knts on 190cbm LNG ballast, 0.1% boil off. Port consumption idle 20mt marine fuel or 42cbm LNG per day and consumption working 40mt marine fuel or 85cbm LNG per day. Max age 20 yrs.
BLNG3(g)
Route
Delivery Sabine, loading 25-40 days from Index date, for a derived round voyage via Tokyo of 54 days duration (routing via Panama Canal), with redelivery Sabine, based on daily hire and lumpsum assessments with 1.25% total commission. Basis the Baltic LNG carrier burning LNG fuel, delivered cold ready to load.
Vessel
Baltic LNG vessel is based on the following specification 91,500 mt dwt TFDE propulsion. 160,000 cbm capacity. 17 knots on 100mt marine fuel or 210cbm LNG laden. 17knts on 95mt marine fuel or 16knts on 190cbm LNG ballast, 0.1% boil off. Port consumption idle 20mt marine fuel or 42cbm LNG per day and consumption working 40mt marine fuel or 85cbm LNG per day. Max age 20 yrs.
LPG
Sector
LPG is a type of fuel consisting of hydrocarbon gasses in liquid form. LPG is used as a fuel in a range of applications including in heating and cooking appliances, industrial applications, in vehicles and as a propellant and refrigerant. LPG can be obtained primarily as propane, butane or a mixture of the two
Vessel
44,000mt, 5% more or less in owner’s option, 1 to 2 grades, fully refrigerated liquefied petroleum gas, Laydays/cancelling 10/30 days from index date. Middle East Gulf to Japan (Ras Tanura to Chiba). Laytime 96 hrs total. Age max 20 yrs. 1.25% total commission.
Select a route
LPG1
LPG1
44,000mt, 5% more or less in owner’s option, 1 to 2 grades, fully refrigerated liquefied petroleum gas, Laydays/cancelling 10/30 days from index date. Middle East Gulf to Japan (Ras Tanura to Chiba). Laytime 96 hrs total. Age max 20 yrs. 1.25% total commission.
LPG2
LPG2
44,000mt, 5% more or less in owner’s option, 1 to 2 grades, fully refrigerated liquefied petroleum gas, Laydays/cancelling 15-40 days from index date. US Gulf to Continent (Houston to Flushing). Laytime 96 hrs total. Age max 20 yrs. 1.25% total commission.
LPG3
LPG3
44,000mt, 5% more or less in owner’s option, 1 to 2 grades, fully refrigerated liquefied petroleum gas, Laydays/cancelling 15-45 days from index date. US Gulf to Japan (Houston to Chiba, routing via Panama Canal with 2 days total waiting included). Laytime 96 hrs total. Age max 20 yrs. 1.25% total commission
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