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2010 August 4   09:01

World LPG fleet reaches 1,092-vessel mark, orderbook at 166 ships

As at 1 July 2010 the number of ships in the world LPG carrier fleet had reached its highest level so far, totalling 1,092 ships, whilst a further 166 vessels were on order, according to the fleet list featured in the newly published LPG World Shipping. "Although the LPG fleet, like all sectors of shipping, has been impacted by the economic recession, contracts for new gas carriers have begun to percolate through once again in recent months to replenish the orderbook," says Mike Corkhill, editor of LPG World Shipping.
The fleet list in the LPG World Shipping is broken down by the generic types of LPG carriers. The 240 fully refrigerated LPG carriers, for example, comprise 146 very large gas carriers (VLGCs), 21 large gas carriers (LGCs) and 73 mid and handy-size gas carriers (MGCs). There are 18 VLGCs and 7 MGCs currently on order.
The existing fleet of semi-pressurised/fully refrigerated (semi-ref) gas carriers now stands at 320 ships and includes 127 liquefied ethylene gas carriers (LEGCs). The ethylene carrier fleet has been the most rapidly expanding segment of the LPG fleet in recent years and the current semi-ref orderbook of 70 vessels includes 37 LEGCs.
The largest single segment of the world LPG fleet remains the fully pressurised gas carrier. There are 532 of these 'workhorses' in service, ranging in capacity from 10,000 down to a few hundred cubic metres, while the fully pressurised gas carrier orderbook stands at 71 vessels. The fleet list in the LPG World Shipping features key information on each ship, including capacity, delivery date, shipyard and shipowner. Also, to put the gas carrier into its commercial context, the name is given of the pool or fleet in which the vessel is currently serving.
The LPG fleet list table in the LPG World Shipping has been compiled jointly by BRL Shipping Consultants and LPG World Shipping. BRL Shipping Consultants maintains a large shipping database in which key information on 80,000 ships of all types is updated as appropriate.
The LPG World Shipping also features a segment by segment market analysis of the world LPG fleet performance over the past year, profiles of a number of leading gas carrier operators, assessments of the impact of the developing Russian and Nigerian LPG markets on shipping, a description of a typical day in the life of a gas carrier inspector, an examination of the series production of LPG carriers at Hyundai and Mitsubishi, a survey of gas carrier recycling and a review of the main conclusions from the recent CO2 Shipping conference organised by Riviera Maritime Media, publisher of LPG World Shipping and its sister publication LNG World Shipping, which is also edited by Mike Corkhill.

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