Mumbai 19 June,2007 : LPG being a byproduct is sensitive to crude oil production and thus remains price sensitive .Supplies are very sensitive to the price and level of crude oil production. Supplies are currently expanding rapidly and as a result global trade is growing and new markets are developing at a very fast pace. Increased supply and demand for LPG is creating investment opportunities in many areas, including LPG carrier, terminal, storage, distribution, and marketing. Bharat Book Bureau, a leading market research information aggregator, has put forth a report LPG Carriers: Market Prospects to 2015 "www.bharatbook.com/bookdetail.asp?bookid=7569"which examines the outlook for all aspects of the LPG carrier market throughout the period to 2015, through detailed analysis of recent/current developments and extensive future forecasts. There are many new LPG production projects currently under construction, such as in Angola, Egypt and Norway with larger-scale production expansion in Nigeria and Qatar, whereas the demand is expected to rise through US, China and Japan. Demand for LPG has been steadily rising for the past decade and is forecast to continue with economic growth in the main consuming nations, such as the US, China and Japan. To facilitate the new supply and demand the LPG fleet is about to undergo a major transition. The current order book equates to approximately 24% of the current fleet capacity. However, 33% of the fleet is over 20 years of age. Therefore, the LPG fleet will undergo a large new building programme to replace existing ageing vessels as well as building additional vessels for the increased trade prospects. The Current LPG carrier trade is on growing track on both the product supply and longer haul trading potential, despite a tight Middle East LPG situation due to crude production cutbacks and plant outrages. This recovery though moderate has contributed to a satisfactory quarterly result in the early part of the year . The LPG shipping industry has been analysed and examined minutely thus providing valuable insights and essential reading for developing a sound corporate strategy for those who are a part of the LPG shipping industry. This analysis is no doubt extensive, but also draws important conclusions for easy understanding of the market scene, The Statistical data of world LPG fleet development with respect to by number, cubic metre, age and size sector from 1995 to 2005 has been also shown, along with the details of the top vessel owners in the industry. Besides this, the world LPG Production, consumption, freight rates, cost and fleet development etc and LPG Market prospects till 2015 are the main contents of this report. Bharat Book Bureau: Bharat Book Bureau, leading information aggregator based in India, facilitates and supports the business information needs by providing relevant information on shipping industry published by global agencies on Maritime Cruise, Charters, Finance, Marine Insurance, Ship Mortgage, Shipping Law, Logistics, Containers, Fleet Management, Freight, Transportation & Shipping etc. including country info, technical and management subjects, both in print and electronic format. These include reports, newsletters, country and company profile and online databases. Kindly visit our website : http://www.bharatbook.com/bookdetail.asp?bookid=7569 to know more about the publications we handle.
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