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Msg  47778 of 49106  at  12/7/2023 10:29:57 AM  by

keebon


 In response to msg 47776 by  crashcardigan
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Re: LPG shippers - crash

That may be partly true about following the price of oil, but there is a lot of misunderstanding about the place of the liquid petroleum gases (propane & butane) in the global energy.  Bottom line, I think it will prove to be a substantial and sustained market due in part to the rise of propane as a feedstock for the manufacture of polypropylene bottles and the use of propane for residential cooking and heating by the growing middle classes in developing countries of Asia and Africa. Hence, BW LPG's efforts to establish a foothold in a fully integrated LPG market and distribution in India (including the manufacture of propane tanks) and XOM partnering in a multibillion dollar plastics (PDH) plant in China.  The newest LPGCs are also equiped to carry ammonia which growing as a fuel fo shipping and, obviously, fertilizer.  Add in the relatively small (but growing) number of shipowners and It's a very robust sector.  Biggest threats I see are a global recession and competition from the big names like Maersk. 


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Replies
Msg # Subject Author Recs Date Posted
47779 Re: LPG shippers - crash keebon 0 12/7/2023 10:37:37 AM
47780 Re: LPG shippers - crash crashcardigan 0 12/7/2023 10:44:20 AM
47782 Re: LPG shippers - crash Williamlebotschy 0 12/7/2023 10:53:52 AM




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