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

NB PRICES 60 50 40 30 20 10 Gas NB Prices ($ Mio) 0 jan.1980 jan.1985 jan.1990 jan.1995 jan.2000 jan.2005 jan.2010 24k Fr 5k Pr 8-10k/12k (from 2009) Eth 160 $ mio 120 80 40 Overall NB values 0 1980 1984 1988 1992 1996 2000 2004 2008 VLGC VLCC Capesize Container 2k TEU Chemical 32/40k dwt - Strong Yen resulting in expensive n/b’s as Japan is the main builder of smaller LPG carriers, this again leads to very limited ordering Source: Joachim Grieg 19

Summary • Significant increase in LPG production • Changes in trade patterns • Small orderbook • Expensive n/b in the small segments due to strong Yen • Most factors in the equation point towards a strong period for LPG transportation throughout the size segments 20

NB PRICES<br />

60<br />

50<br />

40<br />

30<br />

20<br />

10<br />

Gas NB Prices ($ Mio)<br />

0<br />

jan.1980 jan.1985 jan.1990 jan.1995 jan.2000 jan.2005 jan.2010<br />

24k Fr 5k Pr 8-10k/12k (from 2009) Eth<br />

160 $ mio<br />

120<br />

80<br />

40<br />

Overall NB values<br />

0<br />

1980 1984 1988 1992 1996 2000 2004 2008<br />

VLGC VLCC<br />

Capesize Container 2k TEU<br />

Chemical 32/40k dwt<br />

- Strong Yen resulting in expensive n/b’s as Japan is the main builder of smaller <strong>LPG</strong><br />

carriers, this again leads to very limited ordering<br />

Source: Joachim Grieg<br />

19

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