Several liquefied natural gas (LNG) vessels have recently changed course to avoid the Red Sea region.
Four LNG vessels recently adjusted their routes to avoid passing close to Yemen, reported Reuters, citing shiptracking data by Kpler, ICIS and LSEG Eikon. One of them, the Celsius Copenhagen (IMO 9864784), had passed through the Suez Canal on December 13th and was midway through the Red Sea, heading south. before making a U-turn on December 15th, presumably to head back through the Suez Canal in the opposite direction. The Celsius Copenhagen had been carrying a cargo from Freeport in the US to Incheon, South Korea, according to Kpler data. It was currently south of the Suez Canal with Kalamata, Greece, as its next destination.
The Cool Runner (IMO 9636797), a 160,000 cubic meters BP-chartered vessel, appeared to have delivered part or all of its cargo into Greece’s Revithoussa LNG import terminal, rather than pass through the Suez Canal, according to ICIS LNG shiptracking data showed. This compared with its previously announced plan to arrive at Port Said, the northern end of the Suez Canal – usually indicating a trip through the Suez Canal, likely heading to Asia. Earlier the ship, with a US Freeport cargo, had also indicated a course to the UK, before changing to signal for Egypt, ICIS data showed.
Two other vessels, the Celsius Geneva (IMO 9945435) and the Celsius Charlotte (IMO 9878711), were heading east toward the Gulf of Aden and were in the Indian Ocean when they changed direction, the Celsius Geneva heading south on December 15th and the Celsius Charlotte doing the same on December 18th.
Kpler data indicated that the Celsius Geneva, controlled by Gunvor, was scheduled to pass through the Suez Canal on December 20th. It is now heading for Cape Town, South Africa, ETA December 25th. According to Kpler data, the Celsius Charlotte is controlled by Cheniere.
It was also noted by several market sources that the Suez Canal had not been abandoned completely by the LNG sector, with several LNG vessels transiting past Yemen in the past week, through the Red Sea and then the Suez Canal, with several others remaining on track to use that route.
Goldman Sachs said in a note on Tuesday that any shipping disruptions are unlikely to have large effects on crude oil and LNG prices as vessel redirection opportunities imply that production should not be directly affected.
A number of LNG vessels from the U.S. to east Asia have been backed up at the Panama Canal earlier this year as a severe drought limited traffic through the waterway.
Vessels avoiding the Panama Canal route would have to go through the Suez Canal or around the African continent past the Cape of Good Hope.
2020-built, Marshall Islands-flagged, 119,338 gt Celsius Copenhagen is owned by Sea 239 Leasing Co Ltd care of manager Celsius Shipping ApS of Hellerup, Denmark. ISM manager is Celsius Tech Ltd of Hong Kong, China. It is entered with West P&I (European Claims Team) on behalf of Sea 239 Leasing Co Ltd. As of December 19th the vessel was in the Eastern Mediterranean, scheduled to arrive at Kalamata, Greece, on December 22nd.
2014-built, Malta-flagged, 102,097 gt Cool Runner is owned by Priority Maritime Corp care of manager Thenamaris LNG of Athens, Greece. It is entered with NorthStandard on behalf of Priority Maritime Corp. As of December 20th the vessel was listed as underway in the Ionian Sea, Eastern Mediterranean, from Revithoussa, Greece (departed December 19th) to Bilbao, Spain, ETA December 26th.
2023-built, Marshall Islands-flagged, 119,063 gt Celsius Geneva is owned by Xiang H14 International Shipping care of manager Celsius Shipping ApS of Hellerup, Denmark. ISM manager is Celsius Tech Ltd of Hong Kong, China. It is entered with West P&I (European Claims Team) on behalf of Xiang H14 International Ship Lease Co Ltd. As of December 20th the vessel was off East Africa, heading to Cape Town, ETA December 25th.
2021-built, Marshall Islands-flagged, 119,338 gt Celsius Charlotte is owned by Xiang CH28 HK International care of manager Celsius Shipping ApS of Hellerup, Denmark. ISM manager is Celsius Tech Ltd of Hong Kong, China. It is entered with Skuld (Skuld Copenhagen) on behalf of Xiang CH28 International.