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Ultragas CEO: Two dark clouds hover over LPG shipowners

Although the market for liquefied gas (LPG) was off to a good start to 2015, two things in particular will cast a shadow on the coming years, Anders H. Rasmussen, CEO of gas carrier Ultragas, tells ShippingWatch.

Photo: Ultragas
BY KATRINE GRØNVALD RAUN

Shipowners transporting liquefied gas (LPG) will find themselves under increased pressure in the years to come, according to Anders H. Rasmussen, CEO of Chilean-controlled carrier Ultragas, headquartered in Copenhagen.

According to management, Ultragas achieved a satisfactory result in 2014, where the vessels in Ultragas, which are owned in Panama and bareboat chartered to Ultragas in Denmark, delivered a result of USD 3.4 million.

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