0248 GMT March 20, 2019
The latest shipments are bound for China, Indonesia, Thailand, India, Pakistan and possibly East Africa, according to cFlow, S&P Global Platts' ship-tracking software.
Iran shipped about 3.5 million tons of LPG in 2017, with the highest monthly volume seen in August at 423,000 tons before the maintenance, which ended around mid-November, sources said.
Thai trader Siam Gas has lifted a cargo this month comprising 33,000 tons of propane and 11,000 butane at Assalouyeh from Iranian Gas Commercial Company aboard the VLGC Ming De. The vessel is now off southeast India and is due to arrive at Si Racha, on the east coast of Thailand, later this week, according to cFlow.
Naftiran Intertrade Co., a subsidiary of National Iranian Oil Company, has lifted a 44,000-ton evenly split LPG cargo from Assalouyeh on the VLGC BW Tyr, which is now just off Mumbai, cFlow showed.
International trading firm Petredec has lifted aboard the Pacific Shanghai a 44,000-ton evenly split cargo from Persian Gulf Petrochemical Industry Commercial Co. at Assalouyeh.
The VLGC, which is now near Sri Lanka, is due to arrive around January 23 at Teluk Semangka port, south of the Indonesian island of Sumatra.
Petredec lifted a similar cargo last month for delivery to Kalbut on Sumatra Island. Petredec also lifted a 44,000-ton propane cargo from IGCC in November for delivery to Indonesia.
State-run Pertamina has had a term contract with Petredec since 2007, which will run until December 31, 2018, for supplying one to four 44,000-ton cargoes per month, a source said, while other sources said that the contract supplies up to five cargoes per month.
Pertamina itself is not lifting any cargoes from Iran in January. It last lifted a 44,000-ton Iranian propane cargo around end December aboard the VLGC Pertamina Gas 1, which arrived at Kalbut on January 12.
That cargo was under an FOB contract that began in May 2016 between Pertamina and NIOC for a total of 600,000 tons of LPG to be delivered over 2016-2017.
That contract, which has been taken over by Iranian Gas Commercial Co. early last year, was due to be renegotiated in Switzerland after some delays, a source familiar with the matter said recently. Pertamina will not load any more cargoes from Iran until the contract is renewed for 2018, the source said.
Iranian trading firm Caspian Petrochemical is loading a cargo comprising 33,000 tons of propane and 11,000 tons of butane from PGPICC at Assalouyeh aboard the Pacific Rizhao. The VLGC, which is now near the Singapore Straits, is bound for Qinzhou in southern China's Guangxi Province.
Caspian Petrochemical will also lift from Kharg Petrochemical a 24,000-ton mixed cargo and a 20,000-ton mixed cargo from PGPICC at Bandar Imam Khomeini, aboard the VLGC Gas Dignity. The vessel is currently in the Mediterranean.
Its destination was not yet known, though it has made several trips to southern China.
Another Iranian trading firm, Triliance, will lift from IGCC a cargo comprising 33,000 tons of propane and 11,000 tons of butane aboard the Gas Crystal.
The destination of the VLGC, which is on the way Assalouyeh, is not yet known, though it has also made several trips to China, cFlow showed.
Triliance is also lifting aboard the vessel EverRich 6 at Bandar Abbas, a 5,000-ton parcel cargo from IGCC. The vessel was making a return trip from Port Qasim in Pakistan.
Trading firm Global Reality will be lifting a cargo comprising 33,000 tons of propane and 11,000 tons of butane from IGCC at Assalouyeh aboard the Gas Jasmine.
The vessel, which is off the Iranian coast, has also made several trips to southern China, cFlow showed.
International trading firm Glencore is lifting an 18,000 tons of mixed parcel from IGCC at Assaluyeh aboard the 38,000-dwt vessel sea speed.
The destination was not immediately known, though Glencore has discharged in Mombasa, Kenya, around mid-December a PGPICC cargo aboard the same vessel.