LPG carriers market review 2Q24

The LPG shipping industry is diverse, considering the various types of cargo and vessel sizes. This makes investing in LPG tankers a tricky task. We have to be familiar with vessels and cargo specifics.

Ammonia carriers follow a distinct pattern from ethylene carriers. Small/Handysize and VLGC carriers cover different routes. Consequently, their operations have various characteristics. The same is true for ammonia carriers and ethylene carriers.

That said, in today’s report, I go into details about three main LPG segments:

• Very Large Gas Carriers

• Midsize Gas Carries

• Handy/Small Gas Carriers

I included a discussion on the ammonia market. The latter may become a driver for LPG carrier demand across all sizes but, most importantly, on VLAC or Very Large Ammonia Carriers and MGCs.

Ammonia and ethylene are among the most interesting for me. The former may become a viable alternative for marine fuel. Besides, it is used as a feedstock for fertilizer production. The world needs more fertilizers,…