AP Møller-Maersk

Rally round the flag

FLEETS While not quite qualifying for saviour status, LPG is nevertheless becoming something of a beacon to the beleaguered shipping industry as executives and investors pile in to the sector. Certainly, the number of shipping companies eyeing expansion – either through beefing up existing fleets or diving into the sector anew - is on the up

LPG tanker at sea

Keep it tight

MARKETS Its reputation for taking a comparatively civilised approach to business means that the LPG tanker sector is emerging from the recession rather faster than some other tanker segments, with little prospect at present of any supply overhang to disturb rising earnings

BW Gas tanker Austria

Demand holds the aces

MARKETS The VLGC sector seems to be enjoying the forecast upturn but demand for product tankers has been hit by a shift in trade patterns and disappointing consumption figures

LPG Tanker Yuricosmos

Maersk sells out of LNG

AP Møller-Maersk has confirmed it is to sell its Maersk LNG unit for $1.4bn to Teekay LNG and Marubeni Corp.

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