LPG shipping costs to rise 50% by 2003

Costs of chartering liquefied petroleum gas carriers are expected to rise 50% from 1997 levels by 2002-03. This is the prediction of Drewry Shipping Consultants Ltd., London, which said that worldwide LPG consumption reached 166 million metric tons in 1996, of which one third was traded across international boundaries. "Over the past 5 years," said Drewry, "LPG production has grown at an average rate of 4.4%/year, while LPG imports have increased by 6%/year.

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