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LPG

Read all the latest news about LPG. ShippingWatch gives you independent, credible, critical and fair news.

Low gas rates keep Dorian LPG down

A strained market for gas tankers forced VLGC carrier Dorian LPG further into the red, though improved fleet utilization boosted revenue. The CEO is optimistic.

Exmar turned red in the first half of the year

Belgian tanker carrier Exmar booked a deficit for the first half of the year, a period in which the carrier's LNG activities in particular had a negative impact, while LPG and offshore also caused problems.

Media: LPG cargo piling up off of Singapore

Several vessels loaded with LPG cargoes are idle off the coast of Singapore, waiting for better prices on the liquefied petroleum gas. However, the situation is not as severe as last year, writes Reuters.

Dorian LPG's deficit grew in the first quarter

In the displaced fiscal year, Dorian LPG finished the first quarter with a bigger deficit as a result of weaker freight rates. The carrier is expressing mixed signals about the market, notes JP Morgan.

BW LPG forms joint venture in India

Gas carrier BW LPG will increase its presence in India with a new joint venture. The partnership provides growth opportunities and a stronger foundation in one of the world's biggest LPG markets, says CEO.

Depressed rates hit BW LPG in Q1

The world's biggest LPG carrier left the first quarter with a significantly reduced result compared to the same period 2016. The pressure on rates will continue into the second quarter.

Drewry sees overcapacity in LPG over the next two years

The market for the transport of LPG will be held down by overcapacity across the majority of segments over the next two years, writes Drewry. The analyst firm only sees opportunities for better rates for the small gas vessels, where fleet growth will be minimal.

Analyse: LPG-markedet står over for lavere vækst

LPG-markedet står over for en periode med svagere vækst frem mod 2019, hvor Kina vil tage over efter Japan og Sydkorea som den helt store driver i markedet, skriver DVB Research i en ny analyse. Ultragas er en af aktørerne på markedet.

Analysis: LPG market facing years of slower growth

The LPG market is facing a period of slower growth ahead of 2019, a period in which China will replace Japan and South Korea as the main driving force in the market, notes DVB Research in a new analysis.

Belgium's Exmar calls off purchase of Dutch gas fleet

Gas carrier Exmar went red in the first quarter in the weak LPG market where too many vessels are undermining an otherwise historically strong US gas export. The carrier has also called off negotiations to acquire a Dutch FSRU fleet.

Exmar expects challenging gas market in 2017

Tanker carrier Exmar saw its revenue slide in 2016, though the bottom line grew following a series of one-off incomes, including payment for a canceled contract. A weak product tanker market combined with many new vessels will make 2017 challenging.

Exmar venter svært gasmarked i 2017

Tankrederiet Exmar fik en lavere omsætning i 2016, hvor bundlinjen dog røg i vejret efter en række engangsindtægter for blandt andet aflyste kontrakter. Et svagt produktmarked kombineret med mange nye skibe vil gøre 2017 svært.

BW LPG's profit takes big dive in 2016

Gas carrier BW LPG finished 2016 with a bottom line ten times lower than in 2015, due to the overall weaker LPG market. Management expects that the market will improve around a year from now.

Avance Gas will stay in its own lane

The downturn in the LPG market in 2016 took Avance Gas by surprise – and 2017 looks bleak as well. The company plans to remain calm in terms of consolidation and acquisitions until the market has improved, says CFO Peder C. G. Simonsen, to ShippingWatch.

Epic Gas books new deficit in fourth quarter

The LPG market is strained, and this fact is evident in the latest report from Singapore-based gas carrier Epic Gas. The bottom line for the fourth quarter and the entire year finished red.

JP Morgan believes in improved shipping markets after 2018

J.P. Morgan has taken a closer look at the prospects for all shipping segments, and the investment bank points to the winners and losers among the shares. ShippingWatch presents a brief summary of the bank's predictions for container, dry bulk, tanker, and gas.

BW LPG now owns 92.7 percent of Aurora

Gas carrier BW LPG has secured a stake of 92.71 percent in Aurora LPG following an offer period. "We remain confident that the combination of BW LPG and Aurora LPG will create a stronger player in the challenging environment in the LPG shipping industry," says CEO Martin Ackermann.

Gas carrier I.M. Skaugen in third quarter deficit

Norwegian gas carrier I.M Skaugen went from profit to deficit in the third quarter as an oversupply of vessels kept rates down and put pressure on earnings. The many vessels will keep a burgeoning recovery in check over the coming year.

BW LPG exits Q3 with large deficit

Gas carrier BW LPG stayed in the deficit the carrier fell into in the second quarter this year. The negative result is attributed mainly to three factors.

Wilbur Ross' gas carrier hit by tough LPG market

Gas carrier Navigator Holdings is weighed down by the low LPG rates, and the carrier thus noted a decline in revenue and earnings in the third quarter. The company will now focus more on petrochemicals.

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