MARKETS Gas shipping has been one of the star performers in the maritime sector in recent years. But not every LPG tanker operator has been laughing all the way to the bank, as this review of recent financial results indicates
FLEETS Last year HCB reported ‘cautious optimism’ in the LPG trade. That caution extends to newbuilding activity, which once more has allowed the sector to out-perform other bulk liquids trades. That performance is encouraging interest from new owners
MARKETS The buoyant rates commanded by the larger LPG carrier segments, which first appeared in April, have kept up their momentum as the market moves into high summer in the northern hemisphere, as Julian Macqueen reports
FLEETS As one established liquefied petroleum gas operator considers a move into new territory – liquefied natural gas – an existing LNG shipowner could be about to make the reverse move into LPG.
LPG Optimism is returning to the shipping industry and the gas tanker sector is among the first to be getting back on track. The past month has seen three major newbuilding orders and there look to be more in the pipeline
FLEET There is a cautious optimism in the air as the LPG sector, which has remained deadly quiet through the economic downturn, starts to move into a period of activity and recovery with potential growth in the near future
Camillo Eitzen & Co (CECO) this month agreed to sell a further 40 per cent holding in Eitzen Ethylene Carriers (EEC) to Jaccar Holdings, which bought its first 40 per cent share this past September.
Solvang ASA has posted a pre-tax loss of NKr 0.7m for full year 2010 on operating revenues of NKr 159.6m ($29.8m). While income was down 6.3 per cent on 2009, the small loss was the company’s best bottom line figure since 2007.
