Special energy cargoes/LPG - www .iene .gr
Special energy cargoes/LPG - www .iene .gr Special energy cargoes/LPG - www .iene .gr
OPEC PRODUCTION CRUCIAL 34 32 30 28 26 24 1995-01 1997-01 Opec production (incl. Angola) 1000 bpd Baltic $/day (right axis) 1999-01 2001-01 Source: Joachim Grieg 2003-01 2005-01 2007-01 2009-01 2011-01 90 75 60 45 30 15 0 150 135 120 105 90 75 60 1995-01 1997-01 No VLGCs Baltic $/day (right axis) • Fleet supply booms rather an exception in VLGC shipping • Clearly supply driven market in terms of volumes: lackluster 2011 but still record additions • Increase in VLGC rates due to LNG output, much less because of OPEC additions 1999-01 2001-01 2003-01 2005-01 2007-01 2009-01 2011-01 90 75 60 45 30 15 0 9
MEG KEY PLAYER 40 30 20 10 0 5,8 Middle East LPG supply (Mio ton) 7,2 10,2 • Increasing volumes will be on account of the VLGCs and sourced from mainly 3 players: Qatar, Abu Dhabi and Saudi Arabia (+/ (+/-) • Qatar added 3mio ton of trade in 2011 • Saudi exports still strong in 2011 despite pledge to massive direct LPG to petchem markets ⇒ Strong Strong increase increase expected expected of of LPG LPG volumes volumes to to 70 70 mio mio ton ton 11,4 12 12,8 13,3 5,2 6,2 7,3 8,1 9,1 10,1 11,1 2009 2010 2011 2012 2013 2014 2015 Abu Dhabi Iran Kuwait Qatar Saudi Arabia Sharjah Bahrain Oman Source: Joachim Grieg 10
- Page 1 and 2: Christian Krohn-Hansen StealthGas I
- Page 3 and 4: Executive summary • What is LPG,
- Page 5 and 6: LPG (LIQUID PETROLEUM GAS) 4
- Page 7 and 8: MARKET STRUCTURE 60 45 30 15 0 45 3
- Page 9: FREIGHT MARKETS RECOVERING 1400 120
- Page 13 and 14: FLEET PROFILE 3,0 2,3 1,5 0,8 0,0 -
- Page 15 and 16: 1400 1200 1000 800 600 400 200 FREI
- Page 17 and 18: PETCHEM TRADE RECOVERING Mio ton Se
- Page 19 and 20: Fleet Profile 600 500 400 300 200 1
- Page 21 and 22: Summary • Significant increase in
- Page 23 and 24: Business Strategy Business Strategy
- Page 25 and 26: LPG Fleet composition • Pressuriz
- Page 27 and 28: Fleet Development • Newbuilding p
- Page 29: Company Contact: StealthGas Inc. Ko
OPEC PRODUCTION CRUCIAL<br />
34<br />
32<br />
30<br />
28<br />
26<br />
24<br />
1995-01<br />
1997-01<br />
Opec production (incl. Angola) 1000 bpd<br />
Baltic $/day (right axis)<br />
1999-01<br />
2001-01<br />
Source: Joachim Grieg<br />
2003-01<br />
2005-01<br />
2007-01<br />
2009-01<br />
2011-01<br />
90<br />
75<br />
60<br />
45<br />
30<br />
15<br />
0<br />
150<br />
135<br />
120<br />
105<br />
90<br />
75<br />
60<br />
1995-01<br />
1997-01<br />
No VLGCs Baltic $/day (right axis)<br />
• Fleet supply booms rather an exception in VLGC shipping<br />
• Clearly supply driven market in terms of volumes:<br />
lackluster 2011 but still record additions<br />
• Increase in VLGC rates due to LNG output, much less<br />
because of OPEC additions<br />
1999-01<br />
2001-01<br />
2003-01<br />
2005-01<br />
2007-01<br />
2009-01<br />
2011-01<br />
90<br />
75<br />
60<br />
45<br />
30<br />
15<br />
0<br />
9
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