Koch’s time-chartered carrier Clipper Orion is expected in Yuzhnny July 12 to load a 40,000 mt cargo. OPZ is reported close to concluding negotiations for the sale of the full volume to Koch with the price likely in the $385-390/mt FOB range. It has emerged that Koch’s 40,000 mt time-chartered vessel Jenny N will move to the LPG market from August, despite the trader’s charter of the vessel not expiring until February 2016. Petredec will likely use the Jenny N for LPG shipments from the US for at least six months from August.
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