24 Jan - MCQ LPG Snapshot

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Dedicated to Excellence
India Jan 209

LPG Snapshot
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 Liquefied Petroleum Gases
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LPG Import
APRIL 2018– JAN 2019 Report

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LPG Import
Indian LPG Ports & Tankage

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LPG Import
LPG PORTS INDIA
Source: McQuilling Services

LPG Import
PORT CAPACITIES AND TANKAGE

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LPG Import
PORT CAPACITIES AND TANKAGE

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LPG Import
Indian LPG Imports

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LPG Import
Indian LPG Imports in Million Metric Tonnes Per Annum
INDIAN LPG IMPORTS 2011-2018
12,000 11,382
11,097
10,000
8,959
8,313
8,000
6,301 6,567
6,000 5,790
MMTPA
4,000
2,000
0
2 3 4 5 6 7 8
- 201 - 201 - 201 - 201 - 201 - 201 - 201
11 12 13 14 15 16 17
20 20 20 20 20 20 20
FISCAL YEAR
Source:ppca.org

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LPG Import
India’s LPG Import
 Due to rising Indian imports and a fall in Japan’s LPG demand, India stands as the
second largest LPG importer globally after China
 In India 90 % of LPG is used as a domestic fuel for cooking and hence Indian
imports are driven by residential consumption
 The sudden rise of Indian LPG imports can be attributed to a government subsidy
scheme launched in May 2016
 India was expected to import approximately 11.9 Million MT in the fiscal year
2017-18 but however fell short by about half a million tons due lower than
expected consumptions.
 Currently India relies solely on OPEC for their LPG supply. At a very nascent stage
other alternatives are being looked at, with US shale gas being on top of the list

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LPG Import
India’s LPG Import
 In 2018 we have seen India importing cargoes on CFR basis which lead to a slight
downfall in the spot FOB cargoes though this was on an experimental basis.
 With the Elections right around the corner the boost for energy has already been
planned and most of the charterers have taken t/c positions accordingly

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LPG Import
Spot fixtures by Indian Charterers

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LPG Import
SPOT FIXTURES APRIL 2017-MARCH 2018

100 104
80
75
60 64
NUMBER
OF
FIXTURES 49
40
26
20 23
17
0 7 0 0 7
0
IOC BPCL HPCL TOTAL

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LPG Import
SPOT FIXTURES APRIL 2018 TO 23 JAN 2019
50
45
40
35
NUMBER
OF 30
FIXTURES
25
20
15
10
0
IOC BPCL HPCL TOTAL

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LPG Import
Time Chartered LPG Fleet

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LPG Import
TIME CHARTERED FLEET
IOC TIME CHARTERED SHIPS
VLGC
SNO. NAME BLT LIQ98% FLEET REMARKS
1 JAG VIDHI 1996 76,931 GREAT EASTERN SHIPPING CO LTD IOC 1 YR VLGC T/C 25-30 JUN 18
2 LAVENDER PASSAGE 1996 76,882 NYK IOC 1 YR T/C SINCE 15 AUG- 15 SEP 18
3 BW BOSS 2001 82,614 BW GLOBAL UNITED LPG INDIA PVT LTD IOC 1 YR T/C SINCE 10-15 OCT 18
4 NANDA DEVI 2001 80,838 SCI IOC 1 YR VLGC T/C 15-31 DEC 18
5 CAPTAIN JOHN NP. 2007 80,595 HELIOS LPG POOL LLC IOC 1 YR T/C SINCE 10-15 OCT 18
6 JAG VASANT 2006 81,605 GREAT EASTERN SHIPPING CO LTD IOC 1 YR T/C SINCE 10-15 OCT 18
MGC
1 BERLIAN EKUATOR 2004 34,728 NYK IOC 1 YR T/C SINCE MAR 18
2 IGLC ANKA 2013 37,496 NEGMAR DENIZCILIK YATIRIM AS IOC 1 YR T/C SINCE APR 18
3 BRUSSELS 1997 34,745 EXMAR IOC 1 YR T/C SINCE JUL 18

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LPG Import
BPCL TIME CHARTERED SHIPS
VLGC
1 MAHARSHI VISHWAMITRA 2001 82,614 VARUN SHIPPING CO LTD BPCL T/C EXTENDED UNTIL FEB 19
2 PALANIMALA GAS 1992 73,869 GLOBAL UNITED SHIPPING LLC BPCL T/C EXTENDED UNTIL APR 19
3 JAG VISHNU 1994 73,878 GREAT EASTERN SHIPPING CO LTD BPCL TC 6M+3M STARTING 15-31 OCT 18
4 JAG VIRAAT 2007 81,605 GREAT EASTERN SHIPPING CO LTD BPCL 1 YR VLGC T/C 10-15 JUL 18
MGC
1 JAG VIJAYA 1997 34,712 GREAT EASTERN SHIPPING CO LTD BPCL 6M T/C SINCE 1-5 AUG 18
2 TILOS 2009 34,808 ELETSON CORPORATION BPCL T/C EXTENDED UNTIL MAR 19
3 ANAFI 2009 34,808 ELETSON CORPORATION BPCL T/C EXTENDED UNTIL MAY 19
4 TOURAINE 1996 38,220 BOURBON OFFSHORE SURF BPCL 1 YEAR T/C SINCE NOV 18
CURRENT UNCOVERED BPCL T/C ENQUIRY

BPCL VGLC 1YR AG/INDIA 15.01.19-28.02.19

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LPG Import
HPCL TIME CHARTERED SHIPS
VLGC
1 BW ENERGY 2002 80,898 BW GLOBAL UNITED LPG INDIA PVT LTD HPCL 1 + 1 YR T/C SINCE 16-30 APR-18
2 SERJEANT 2015 82,441 PETREDEC LTD HPCL 2 YR T/C SINCE OCT 16 EXTENDED TO OCT 19
3 KOBAI 2009 80,781 HELIOS LPG POOL LLC HPCL 2 YR T/C SINCE DEC 17
4 GAS TAURUS 2016 81,466 SINOGAS CARRIERS LTD HPCL 2 YR T/C SINCE DEC 17
MGC
1 FUJI GAS 1995 36,770 GLOBAL UNITED SHIPPING LLC HPCL 1 YR MGC T/C 16-31 JUL 18

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LPG Import
Indian Flagged LPG Fleet

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LPG Import
Indian LPG Ship Owners
 India’s largest LPG fleet owner, Varun Shipping underwent financial stress in July
2017 leading to the sale of all ships (4 MGCs , 1 LGC, one 43,000 CBM vessel and 1
VLGC for scrap (except the relatively modern VLGC Maharshi Vishwamitra now
being operated by Varun Global Ltd).
 Great Eastern has acquired 1 VLGC and 2 MGCs since August 2017 , thereby
making them the largest LPG Fleet owner in India, leaving Global United in the
second place.
 Global United joins hands with BW LPG in November 2017 to form BW Global
converting the VLGCs BW Boss and BW Energy to Indian Flag by March 2018.
 Mercator Lines sold their only VLGC the Sisouli Prem for about USD 10.0 Mill LS due
to sanctions are no longer involved in LPG.
 SCI scrapped their 2 handy vessels the Annapurna and Nanga Parbat in Q3 2018

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LPG Import
GREAT EASTERN LPG FLEET
NAME BLT LIQ98% EFFECTIVE CONTROL REMARKS
JAG VIRAAT 2007 81,605 BPCL BPCL 1 YR VLGC T/C 10-15 JUL 18
JAG VIDHI 1996 76,931 IOC BPCL 6M + 3M T/C STARTING 15-31 OCT 18
JAG VISHNU 1994 73,878 IOC TO BE REDELIVERED 15-30 JUL 18
JAG VASANT 2006 81,605 IOC IOC 1 YR T/C STARTING EARLY FEB 19
GREAT EASTERN SHIPPING CO LTD
JAG VAYU 1996 36,568 IOC 21 JAN 19 RT/WCI STEM
JAG VIJAYA 1997 34,712 BPCL BPCL 6 M T/C SINCE AUG 18
GLOBAL UNITED LPG FLEET

PALANIMALA GAS 1992 73,869 BPCL BPCL T/C EXTENDED UNTIL APR 19
TAKAO GAS 1993 73,851 NISSEN KAIUN IN DD , OPENING FUJ 25 FEB
FUJI GAS 1995 36,770 HPCL HPCL 1 YR MGC T/C 16-31 JUL 18
SABARIMALA GAS 1994 34,058 IOC IOC 19-20 JAN 19 RT/WCI STEM
TIRUMALA GAS 1993 20,268 GLOBAL UNITED SHIPPING LLC SPOT FUJ REDELIVERED FROM RELIANCE T/C – FOR SALE
BW GLOBAL UNITED LPG FLEET

BW BOSS 2001 82,614 BW SHIPPING IOC 1 YR T/C SINCE OCT 18
BW ENERGY 2002 80,900 HPCL HPCL 1 + 1 YR T/C SINCE 16-30 APR-18

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LPG Import
SHIPPING CORPORATION OF INDIA
NANDA DEVI 2001 80,838 SCI IOC 1 YR T/C SINCE 15-31 DEC 18
VARUN GLOBAL LIMITED

MAHARSHI VISHWAMITRA 2001 82,614 BPCL T/C EXTENDED UNTIL FEB 19
OTHERS
NAME BLT LIQ98% EFFECTIVE CONTROL FLEET REMARKS
ABC XIX 1998 263 CURSETJEE AB
ABC XX 1998 263 CURSETJEE AB
ABC XVIII 1990 516 CURSETJEE AB
ABC XVII 1990 516 CURSETJEE AB
RELGAS ISHETA 1992 1,959 RELIANCE RELIANCE
RELGAS NAYANTARA 1991 1,959 RELIANCE RELIANCE
RELGAS VIKRAM 1976 1,996 RELIANCE RELIANCE

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24 Jan - MCQ LPG Snapshot

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McQuilling Partners, Inc.

India Jan 209

McQuilling Partners, Inc.

McQuilling Partners, Inc.

Indian LPG Ports & Tankage

McQuilling Partners, Inc.

LPG PORTS INDIA

Source: McQuilling Services

McQuilling Partners, Inc.

PORT CAPACITIES AND TANKAGE

Source: McQuilling Services

McQuilling Partners, Inc.

PORT CAPACITIES AND TANKAGE

Source: McQuilling Services

McQuilling Partners, Inc.

Indian LPG Imports

McQuilling Partners, Inc.

McQuilling Partners, Inc.

McQuilling Partners, Inc.

McQuilling Partners, Inc.

Spot fixtures by Indian Charterers

McQuilling Partners, Inc.

SPOT FIXTURES APRIL 2017-MARCH 2018

Source: McQuilling Services

McQuilling Partners, Inc.

SPOT FIXTURES APRIL 2018 TO 23 JAN 2019

Source: McQuilling Services

McQuilling Partners, Inc.

Time Chartered LPG Fleet

Source: McQuilling Services

McQuilling Partners, Inc.

IOC TIME CHARTERED SHIPS

Source: McQuilling Services

McQuilling Partners, Inc.

CURRENT UNCOVERED BPCL T/C ENQUIRY

Source: McQuilling Services

McQuilling Partners, Inc.

Source: McQuilling Services

McQuilling Partners, Inc.

Indian Flagged LPG Fleet

McQuilling Partners, Inc.

McQuilling Partners, Inc.

GLOBAL UNITED LPG FLEET

TAKAO GAS 1993 73,851 NISSEN KAIUN IN DD , OPENING FUJ 25 FEB

BW GLOBAL UNITED LPG FLEET

BW BOSS 2001 82,614 BW SHIPPING IOC 1 YR T/C SINCE OCT 18

BW ENERGY 2002 80,900 HPCL HPCL 1 + 1 YR T/C SINCE 16-30 APR-18

Source: McQuilling Services

McQuilling Partners, Inc.

SHIPPING CORPORATION OF INDIA

NAME BLT LIQ98% EFFECTIVE CONTROL REMARKS

VARUN GLOBAL LIMITED

MAHARSHI VISHWAMITRA 2001 82,614 BPCL T/C EXTENDED UNTIL FEB 19

Source: McQuilling Services

McQuilling Partners, Inc.

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