FLEETS Last year HCB reported ‘cautious optimism’ in the LPG trade. That caution extends to newbuilding activity, which once more has allowed the sector to out-perform other bulk liquids trades. That performance is encouraging interest from new owners
LPG Optimism is returning to the shipping industry and the gas tanker sector is among the first to be getting back on track. The past month has seen three major newbuilding orders and there look to be more in the pipeline
Hamworthy Oil & Gas Systems has won a contract to supply two complete cargo handling systems for a pair of 12,000 m3 ethylene carriers to be built by Sinopacific Offshore & Engineering Co in Nantong, China, for Jaccar Holdings.
Camillo Eitzen has completed the sale of its non-ethylene semi-refrigerated LPG carriers as well as its shareholding in Eitzen Gas and the back-to-back leases on its five fully pressurised LPG tankers.
FLEET There is a cautious optimism in the air as the LPG sector, which has remained deadly quiet through the economic downturn, starts to move into a period of activity and recovery with potential growth in the near future