LPG Trading Patterns (eBook)

Published Date

January 1974

LPG Trading Patterns (eBook)

$19.45
(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

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

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