SIMON SAYS: Having Twenty Twenty vision meant we could see ahead!

Submitted by Simon Hill on Tue, 06/04/2019 - 18:02

I would like to say pre-IMO 2020 negotiations are in stalemate, but I’ve got this feeling we are in a kind of void. By the way, I’m not talking about what happens generally with IMO in less than 6 months’ time, I’m talking what’s happening, or not happening, with time-charter negotiations.

SIMON SAYS: Brazil at saturation point!

Submitted by Simon Hill on Mon, 06/03/2019 - 20:22

Although my main interest is to show the macro side of our business in the SIMON SAYS BLOG, now and then I like to keep you appraised of what individual countries are doing. After seeing Brazil’s goalkeeper Allison, you just have to love Brazilian names, performing brilliantly in the dull European Champions League football Final in Madrid on Saturday (soccer to those across the pond), it had to be Brazil!

SIMON SAYS: Who said reading the markets was easy?

Submitted by Simon Hill on Sun, 06/02/2019 - 16:53

Comedians always say the art to telling a joke well is all about timing…I also think it applies to reading the market. Nothing seems straight forward these days, especially this week, as we have seen the complexities in the market start to unravel! So where do I start?

SIMON SAYS: Marcus Hook Terminal Fee Warning

Submitted by Simon Hill on Thu, 05/30/2019 - 16:36

I thought a bit of history might grab us on the last Friday in May. I remember selling butane cargoes into Marcus Hook, to Sun, to Sam Slovak or was it, Charlie Mitchell, anyway it was product going into their refinery for gasoline blending. They weren’t regular buyers, but paid good prices, and getting the first sale in was always a feeling of achievement.

SIMON SAYS: The Freight Debate

Submitted by Simon Hill on Tue, 05/28/2019 - 16:08

I do like hearing the discussions on how there’s record production, record exports and a lot more to come but I do feel the debate then tends to deviate to where LPG is going not how it’s getting there. Huge investments are being made to produce crude oil and natgas, without doubt the NGLs are being extracted for commercial reasons, but increasingly the talk has been about takeaway, I even heard “we’ve just got to make it disappear”.

SIMON SAYS: Propane Inventory Locked Up in Y-grade

Submitted by Simon Hill on Fri, 05/24/2019 - 10:41

I’m getting a far better understanding for what is happening to stocks in the US at the moment.  Clearly, they are a lot higher than last year and look as if they’ll push through 5-year highs sometime in June, but if the US winter hits hard and earlier in 4Q this year we might be heading for trouble.