Clarkson: World's LPG fleet healthy, prospects good for 2004 and later

Click here to enlarge imageEvents of 2003 did not bear out earlier forecasts for substantial growth in worldwide LPG trade, according to the most recent Shipping Review & Outlook from Clarkson Research Studies, London.This mainly derived from project start-up delays and production problems and from lower-than-expected demand growth in such key import areas as Asia and has pushed the anticipated growth into this year and beyond.Nevertheless, the top three size classifications for LPG tankers fared well in the 6 months before Mar. 1, 2004, according to the Clarkson report, benefiting from firming day rates in response to increased demand for longer haul trades and from aggressive removal ...

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