Growth expected in LPG fleet, rates

The world LPG carrier fleet will expand to 24.6 million cu m by 2015 from 14.5 million cu m at the beginning of 2005, with world seaborne LPG trade (including ammonia and petrochemicals) expected to increaseto 132 million tonnes/year (tpy) from 73 million tpy during the same period, according to a new report by Ocean Shipping Consultants, “LPG Carriers: Market Prospects to 2015.”The fleetThe world LPG fleet stood at 990 vessels at the beginning of 2005, according to OSC, dominated by the very large gas carrier (VLGC) sector, which accounts for 57% of fleet capacity. Estimated total volume was 14.5 million cu m. Click here to enlarge imageBy mid-2005, the LPG carrier orderbook...

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