LPG

A leading exec in liquefied gas shipping gives his take on war in the Middle East, market fundamentals and shipping stocks.

Persistent congestion and higher delays at the Panama Canal could lead to lasting changes in global LPG shipping flows.

Asian demand for propane continues to build, as does US supply, equating to booming business for LPG tanker owners in the middle.

Best-of-both-worlds business model of LPG carrier Epic Gas strives for both defensibility and growth potential.

Dry bulk shipping could be a winner following the ceasefire in the trade war between the U.S. and China.

Geopolitical and trade tensions are having an increasing effect on shipping rates.

There are some positive signs for shipping rates, but overall, disappointment prevails.

BW LPG, an ocean carrier of crude oil, gas, chemicals, and products of oil, has reported a first quarter 2019 net loss after tax of US$23.5 million. It’s a loss that’s about three times greater than the US$8.4 million loss recorded in the first quarter of 2018.

Singapore-headquartered liquefied petroleum gas and petrochemicals ocean carrier, Epic Gas (OB:EPIC-ME) today announced minimal losses of US$300,000 in the first quarter of 2019. That’s an improvement of 89 percent, which represents a U$2.4 million uptick from the losses recorded in the first quarter of 2018.

Specialist liquid-gas ocean carrier Navigator Gas evidently had a faulty compass in the first quarter of 2019 as it reported a $3.3m loss. The company attributed its results to geopolitical issues along with a variety of one-off incidents around the world. Together they tended to cause an oversupply of ships and a softening of rates in its niche-sector.

A top executive of the Panama Canal Authority outlines the prospects for LNG, LPG and crude/product tanker transits through the larger locks of the waterway.