RE:Ferndale Port --Altagas Export TerminalSorry rfguysd, didn't see you posted about corvette before mine.
I agree your numbers of 4, maybe 5 if you include Corvette for Q1 numbers at Ferndale.
rfguysd wrote: Vessel Covette tanker left FERNDALE port on Thurs. Apr1st 9am....a 3 day fill period. Next LPG tanker is unknown but is expected to arrive in a period of 10 days....April 7th- April9th.
The interesting question is whether or not to include this delivery in the 1st qtr. If its FOB origin, which is likely, Altagas will be allowed to claim whatever is on the tanker at midnight March31. I suspect that the tanker was loaded late March31 and waited for tugs to arrive in the morning to be escorted out to sea.
The Ferndale port has been increasing its throughput over the last few months from 30k to 50k bbls/day. (that is why an 4 period rollover is used to average a shorter time period than 3month cycle). In order to increase throughput beyond 50k bbl/day, Altagas will need to find additional US propane customers in the area….. maybe from the Bakken field area to export more propane than what is allocated on the Canadian export license.
Arrival Departure Vessel TYPE GT Barrels Days between Ave Rate
Arrivals throughput
Jan29 Feb4 Captain Markos LPG 47173 599,000
Feb17 Feb21 Cratis LPG 48963 622,000 19
Mar2 Mar7 Clermont LPG 47379 602,000 13
Mar16 Mar20 Captain Markos LPG 47173 599,000 14
Mar29 Apr1 Corvette LPG 48060 610,000 10 43.3k/day
April9 (est.) ???? LPG ???? ??? 11 (est) 50.5k/day
*Assuming 12.7 barrels / metric tonne
*606,400 barrels /12.0days= 50,500 barrels / day implied throughput rate of Ferndale. Using running average over 4 fill periods.
Nameplate capacity 50k/day Altagas has updated the nameplate to >50k bbls/day. What is the upper limit?
Canadian Export license : 46k/day
Calculated rate of export :50.5k/day
US Export licence not required (?)
GLTA
RFguy