LPG Newbuilding Market Slows
 
Advertise Here
Trending Topics:
Sunday, June 14, 2015

Ship Equipment
Ship Maintenance
Unitor
Ship Systems
Bimco
Worldwide Metric
Portvision
Hydroscan
Freeman Marine
Neptune Group

MarineTalk
Home Page
About MarineTalk
Buyer's Guide
World InfoDesk
Discussion Forums
Advisory Board
FAQ
Advertising Information
Submit Company Listing
Edit Company Listing
Site Map
 
MarineTalk Site Search:
Featured Companies

Santa Barbara City College Marine Diving
Marine Technician Training. Customized short- term modular training for business and marine industries. AS degree and certificate programs in Marine diving technology. Courses in all aspects of Commercial Diving, ROV and supporting technologies.
    USA California

SSPC: The Society for Protective Coatings
SSPC is a non-profit professional society concerned with the use of coatings to protect industrial steel structures. The Society serves its members and advances the industry through standards, regulatory advocacy, education, and information exchange.
    USA Pennsylvania

Chamber of Shipping of Israel
The Israeli Chamber of Shipping represent most of the Israeli Shipping agencies and Israeli Shipping companies operating in the Israeli ports.
    Israel

MTS (Marine Technology Society)
From its inception in the early 1960's, the Marine Technology Society has embraced a charter of inclusiveness. We support all the components of the ocean community: marine sciences, engineering, academia, industry and government.
    USA Virginia

LPG Newbuilding Market Slows

      2/21/2010

New orders for LPG carriers are currently running at 50% less than seen during the past five years, or 40% in cu m capacity terms. The number of new vessels due to be delivered through 2013 were forecast at 191, according to a new report from Fairplay.

“The LPG market will by this slower fleet growth be better positioned than most other shipping markets when the GDP growth resumes to previous levels, particularly in Asia,” explained Niklas Bengtsson, senior consultant for Fairplay Market Forecast. “China and South Korean dominate the order book for tankers (LPG carriers) over the next five years, holding 30% percent of the orders between them. Europe accounts for only 15%," he added.

The monthly Shipbuilding Market Forecast for February 2010 examines the oil, chemical, LPG and LNG tanker markets. It provides a review of the global business environment demand for seagoing transport, market conditions and capacity utilisation for these vessel types and gives a detailed five-year shipbuilding forecast, including new orders, deliveries and recycling.

The report forecasts that the LPG carrier fleet will increase by just 7% over the next four years. In 2008, the fleet reached historic highs, but, according to Fairplay, the forecast deliveries for 2009 through 2013 will be 5.2 mill cu m, which is a 16% drop from 2008 deliveries.

Removals from the worldwide fleet predicted in the same period is 152 ships, an increase of 70% compared to the previous five-year period, but these will mainly be relatively small ships as the figure is only 40% of the capacity if measured in cu m terms.

At the beginning of January 2010, the worldwide LPG fleet stood at 340 vessels, with a total capacity of 47.7 mill cu m. A further 52 vessels were on order, which was 40 less than at the same time last year, the report said.


Tanker Operator  

About the Company

You may also like:
Trending Technology, World Shipping & Maritime News





Latest Marine News and Technology Articles | Maritime 2015 Buyer's Guide





MarineTalk

E-mail:  Contact Us

Copyright © 1998 - 2015 MarineTalk
Division of Link Internet Business Solutions
All rights reserved.

The reproduction, retrieval, copying or transmission of this Web site content,
in whole or in part, is not permitted without the express permission of
MarineTalk .