LPG Trading Patterns (eBook)

Published Date

January 1974

LPG Trading Patterns (eBook)

(Excludes any applicable taxes)

In 1972/73 there existed a surplus of LPG tanker capacity. World seaborne LPG trade had been dominated by the Middle East-Japan route. However, this period saw changes in the world energy situation which saw the USA emerge as a major importer of LPG by sea. (12pp)

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At this time in the early 70's, and the general enthusiasm for the prospects for the future growth of LPG trade brought with it a realisation that the volume of LPG tankers on order at that time would not be able to cope with this growing trade.

This led to a significant increase in the rate of ordering of LPG tankers, which was further expanded by the decline in the conventional tanker market following a very profitable period in 1972/73. This encouraged owners of such vessels to re-invest profits made in this high market by seeking alternative investment in LPG tankers. However, since 1973 the rate of ordering was so great that the industry went from a position of potential LPG tanker shortage to a period twelve months later where the possibility existed of a surplus developing. What was forecast and what happened next?

Paper delivered by:
A.B. Carpenter, director, Drewry (Shipping Consultants), London

Prepared for:
Gastech Amsterdam 1974

For over 45 years, the Gastech Exhibition & Conference has been at the forefront of the international gas and LNG market. This world-renowned event is regarded as the most significant meeting place for gas and LNG professionals, where the global industry gathers to do business.

Gastech hosts major IOCs, NOC’s, global utility companies, EPC contractors, shipbuilders, pipeline companies, manufacturers, distributors, technology and service providers, all who play an active role in the global energy value chain.

Title: LPG Trading Patterns (eBook)
Product Code: 4433g032
Published Date: January 1974

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