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

CHINA, CHINA, CHINA? 5 4 3 2 1 0 Chinese petchem imports (mio ton) VCM Propylene Ethylene 2003 2004 2005 2006 2007 2008 2009 2010 2011 Thousands ton 800 700 600 500 400 300 200 100 Chinese LPG trade • Strong expansion in Chinese petchem imports halted? 2009 boost explained by stimulus program, lack of and delays in domestic cracker projects • Distribution trading to close neighbors emerged overnight and provides significant employment for Pressurized ships 0 jan mar mai jul sep nov jan mar mai jul sep nov jan mar mai jul sep nov jan mar mai jul sep nov jan mar mai jul sep nov jan mar mai jul sep nov jan mar mai jul sep nov jan mar mai jul sep nov jan mar mai jul sep nov 2003 2004 2005 2006 2007 2008 2009 2010 2011 Exports Imports Source: Joachim Grieg 17

Fleet Profile 600 500 400 300 200 100 0 -100 -200 -300 1000 Cbm 0-23k 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Scrapping Deliveries Orderbook Expected scrapping Growth Negative fleet growth from 2013 and onwards 24% % Growth 18% 12% 6% 0% -6% -12% Source: Joachim Grieg 18

Fleet Profile<br />

600<br />

500<br />

400<br />

300<br />

200<br />

100<br />

0<br />

-100<br />

-200<br />

-300<br />

1000 Cbm 0-23k<br />

1995<br />

1996<br />

1997<br />

1998<br />

1999<br />

2000<br />

2001<br />

2002<br />

2003<br />

2004<br />

2005<br />

2006<br />

2007<br />

2008<br />

2009<br />

2010<br />

2011<br />

2012<br />

2013<br />

2014<br />

2015<br />

Scrapping Deliveries<br />

Orderbook Expected scrapping<br />

Growth<br />

Negative fleet <strong>gr</strong>owth from 2013 and onwards<br />

24%<br />

% Growth<br />

18%<br />

12%<br />

6%<br />

0%<br />

-6%<br />

-12%<br />

Source: Joachim Grieg<br />

18

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