Special energy cargoes/LPG - www .iene .gr

Special energy cargoes/LPG - www .iene .gr Special energy cargoes/LPG - www .iene .gr

07.04.2013 Views

1-Year TC Rate Volatility Since 2000 But, small LPG rates remain relatively stable Small LPG tanker rates are significantly less volatile than crude tanker and drybulk rates 1-Year TC Rate Volatility Since 2000 Data source: Clarkson Research Services Rates: 1-year TC measured weekly Dry Bulk: average of Cape, Panamax, Handymax, and Handysize rates Crude Tanker: average of VLCC, Suezmax, and Aframax rates 15

PETCHEM TRADE RECOVERING Mio ton Seaborne chemical gas trade 18 16 14 12 10 8 6 4 2 0 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 % Growth • Cyclical petchem trades rebounding from the crisis 75% 60% 45% 30% 15% 0% -15% -30% Ethylene Propylene VCM Butadiene Ton % Cbm % 2009 2010 2011 2012 2013 2014 2015 300 250 200 150 100 144 Seaborne trade vs production 2010 (Mio ton) • The trade % production shares are stable over time • More More longhaul longhaul volumes volumes will will add add to to handy handy ship ship demand demand over over time time 50 0 77 40 5 3 10 2 3 246 149 Ethylene PropyleneButadienes VCM LPG NH3 57 17 Production Trade Trade % Production Source: Joachim Grieg 16 25 % 20 % 15 % 10 % 5 % 0 %

1-Year TC Rate Volatility Since 2000<br />

But, small <strong>LPG</strong> rates remain relatively stable<br />

Small <strong>LPG</strong> tanker rates are significantly less volatile than crude tanker and<br />

drybulk rates<br />

1-Year TC Rate Volatility Since 2000<br />

Data source: Clarkson Research<br />

Services<br />

Rates: 1-year TC measured<br />

weekly<br />

Dry Bulk: average of Cape,<br />

Panamax, Handymax, and<br />

Handysize rates<br />

Crude Tanker: average of VLCC,<br />

Suezmax, and Aframax rates<br />

15

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