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Latest From LPG
Poten expects to see significant increase in global seaborne supply of LPG with total exports at slightly above 111m tonnes in 2020 and less than 113m tonnes in 2021
Dorian expects 20 planned projects to add around 11.9m tonnes per annum of LPG demand through 2023
The Suez Canal Authority has extended the discounts offered to bulk and liquid carrier transiting the canal until December 31 this year
Owners appear reluctant to charter out their vessels for longer terms, leaving their ships in the spot markets, Poten & Partners noted
The Oslo-listed firm said an autopsy will be carried out to determine the cause of death
The oil and gas producer has tankers that burn LNG on hire already and is set to embark on large-scale use of LPG as marine fuel from next year
The eight vessels have been tracked shipping liquefied petroleum gas to China and India during the past year. Five under investigation have reflagged to Panama after being deregistered by Liberia
The orders have won Norwegian energy major Equinor backing with a five-year time charter, Lloyd’s List earlier revealed
Despite traders attempting to pry open the US–Asia arbitrage, prospects for the forthcoming months have seen netbacks edging closer to cancellation levels
The small LPG vessels specialist saw profits rise in the first quarter but sees tougher times ahead
In India demand for LPG, which is used mainly as a cooking gas, is likely to rise further because of increased domestic cooking as people stay under quarantine during the country’s coronavirus prevention measures
India is likely to increase imports of LPG from the Middle East, which supplied about 94% of its imports in 2019
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