SIMON SAYS: If the Chicago Bulls were able to play the Chicago Bears, the Bulls would be winning!

Submitted by Simon Hill on Mon, 10/14/2019 - 17:00

In yesterday’s SIMON SAYS I explored what was happening with the capacity expansion at Enterprise’s Houston Ship Channel facility. It’s a bit like Brexit, where we were given a date on which we would leave the European Union, but we still don’t know if it’s going to happen, and if it is, then when?

SIMON SAYS: “Broker” comes from the French word “brocheor” meaning wine retailer – say no more!

Submitted by Simon Hill on Thu, 10/10/2019 - 17:00

I tried broking once when I was in between jobs way back in the early 90s. The company was called Kinetic Energy and amazingly to me I was fixing cargoes (not enough of them I must say) intra Mediterranean, loading from Libya, Algeria, Greek and Italian refineries, Lavera and then trying to broke them into Morocco, Spain, Turkey and Italy. Most of the cargoes were small and I can’t say I caused any major impact, maybe a stir or two.

SIMON SAYS: Let’s compare Autogas to Motor Gasoline not To Elon and EVs!

Submitted by Simon Hill on Wed, 10/09/2019 - 17:00

It’s probably time for a new car in the Hill household, we normally discuss 7 seats, which automatically stops me talking about 2, cost, colour, the usual items. But this year it’s not been a question of petrol or diesel, it’s been centered solely on electric, or an EV as the trendsetters now call them; I also keep asking myself why I don’t go for an LPG car?

SIMON SAYS: Time for change, time to take a new shipping route!

Submitted by Simon Hill on Tue, 10/08/2019 - 17:00

I always remember in my early days in the LPG business being told about this venerable place in London called the Baltic Exchange, set up in 1744 after shipowners and merchants gathered to discuss and transact business over a cup of coffee, at the Virginia and Baltick Coffee House, on Threadneedle Street.

SIMON SAYS: Just as you need more domestic demand you end up with less!

Submitted by Simon Hill on Mon, 10/07/2019 - 17:00

In yesterday’s SIMON SAYS I suggested that the perceived axiom of U.S. shale development’s future, the export barrel, was having a degree of doubt bestowed upon it., Albeit a somewhat near-sighted view, but as people say, be careful what you wish for! With U.S. inventory levels teasing the record peaks of November 2015, a lot is hinging on the weather in the U.S., and in case it might come as a late, but very welcome saviour.

SIMON SAYS: So why isn’t U.S. propane heading out the door?

Submitted by Simon Hill on Sun, 10/06/2019 - 17:00

There’s an unusual feel about the LPG market at the moment, with a number of questions that just seem too difficult to answer, some may never get answered. One question though that always seems to be on the lips of LPG players around the world is the weather. It’s not just the way us Brits, as we are affectionately referred to here in Texas, start a morning conversation, it’s also what drives our market, especially over the next couple of quarters.

SIMON SAYS: Could he be LPGs own French yellow vest protestor!

Submitted by Simon Hill on Thu, 10/03/2019 - 17:00

Lionel Charveriat, (74), has become one of the father figures in the LPG industry. After a number of years on the trading side with Gazocean, he decided to move into broking and now heads up Libra Fearnleys in Paris. He still finds time to pick up the phone to broker his next deal and his views of the industry are normally forthright, but here I want to try and find out a bit more about him, the person!

SIMON SAYS: Africa – Probably the final frontier!

Submitted by Simon Hill on Wed, 10/02/2019 - 17:00

Today, nearly 1.3 billion people are living in the 54 countries that make up the continent of Africa, and by 2025 it is expected to surpass the population of the mighty China. But it’s also the world’s poorest inhabited continent, with a combined GDP that makes up less than a third of the GDP of the U.S., and although there has been economic optimism in the last few years, it’s fragile to say the least.

SIMON SAYS: Where are the White Knights (not the Great Whites) when you need them?

Submitted by Simon Hill on Tue, 10/01/2019 - 17:00

There is one thing for certain about the production of LPG in the world, and especially in the U.S., it’s the fact that LPG just doesn’t call the shots, it never has. Therefore, any reliability in future LPG production numbers lays very much in the hands of the oil and gas producers, especially those that have led the U.S. shale revolution over the last decade.