Exmar has reported turnover of $453.7m in its preliminary results for 2011, up 9.6 per cent on the $413.9m recorded a year earlier. EBITDA fell, however, from $176.9m in 2010 to $139.9m.
FLEETS The LPG tanker sector is notoriously conservative but a flurry of recent newbuilding orders and secondhand sales suggest owners are optimistic of a market improvement
BW Gas and InterEnergy Holdings have formed a joint venture to build an LNG terminal in San Pedro de Macoris, on the south-eastern coast of the Dominican Republic.
MARKETS The VLGC sector is enjoying an upswing in earnings. While some aspects of the recent market maybe short-lived, observers suggest that the fundamentals are heading in the right direction too, as Julian Macqueen reports
FLEETS Some poor second quarter results from LPG shipping companies have failed to dampen spirits completely as owners can still see an upside going into the second half of the year
RESULTS Three of the biggest LPG and chemical tanker ship operators have released full-year figures this month. HCB takes a look at what they say about the effects of the global economic crisis on shipping
Figures compiled by the Bulletin and shipbroker EA Gibson show that 187 LPG tankers are currently on order at shipyards around the world for delivery within the next four years.
With effect from the beginning of September gas shipowners BW Gas and Exmar have agreed to terminate their participation in the two pools in which their LPG tankers trade.
