RE:Highlights from RIPET in 2020Hi Bossu,
So you do realize that 2019 was a partial year, right ?
RIPET's first tanker departed
in May 2019 (see quote from news service below).
So if you do the math (
using 8 months of revenue in 2019, since they can start counting revenue as they are loading the tanker ship),
the revenue amount for 2019 is PROPORTIONATELY SLIGHTLY LESS as it was in 2020. Here is the news quote, among the many you can find using Google:
Altagas’s Ridley Island Export Terminal (RIPET) – dispatched its first cargo on 23 May 2019 aboard the VLGC – Sumire Gas – for delivery to Japan’s Kyushu LPG Fukushima terminal. bossu wrote: Total shippement from RIPET
2019...........to Dec 31 2019 648 569 Tons
2020...........to Dec 31 2020 1 159 207 Tons
Increase shippement from 2019 79 %
Outstanding result ;
Last month 134 474 tons
Probably 44 700 bar/day in the last quarter
Only unknown number: Hedging and selling price in Japan
ALA is headind in the good direction at Ripet.