Page 46: of Maritime Reporter Magazine (June 2017)

world yearbook 2017

HIGHEST VALUED LPG FLEET HIGHEST VALUED LPG FLEET

Navigator Petredec BW

G G

Gas Ltd LPG worth tthh 1.4 billion worth 1.5 billion

A A worth 2.2 billion

S S

The LNG sector differs slightly from you need to turn to the projects and the sive than LNG. There is a lot of LNG the biggest ? eet and now is by a long traditional shipping in that the market infrastructure which will be coming on- out there but not the consumer demand. way: today BW LPG’s ? eet tops the is project based. However the market line over the next few years. In the future this will pick up. ranking of highest valued LPG ? eet is oversupplied with 2017 looking to Many owners and yards are touting VLGC market values dipped be- worth 2.2 billion USD. Second place be a bumper delivery year: 53 vessels, LNG as the fuel of the future. However low their 25 year average in February is served by Petredec Ltd, worth 1.5 which can carry nearly 8 million CBM, in order to switch from traditional bun- 2017. This year the biggest story over billion USD, and third place is Navi- are scheduled for delivery. In order to kers to LNG fuelled vessels the fuel of 2016 was BW LPG increasing their gator Gas with 1.4 billion USD worth predict the future of the LNG market, the past needs to become more expen- ownership of Aurora. BW already had of LPG vessels. © donvictori0 / Adobe Stock 46 Maritime Reporter & Engineering News • JUNE 2017

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