"At the start of the year it was forecasted that the market length seen in 2011 would continue in 2012. As the year unfolded, the length has been limited to one quarter due to a combination of lower-than-expected supply and stronger demand in some countries. It's another example of the unpredictability of the LPG market.
In particular LPG exports from South America and Africa are below expectations, while Southern Asian countries are maintaining strong import growth. In consequence the role of Northwest European petchems in absorbing LPG length has been less in evidence than in 2011.
The major new trends for 2013 are increasing US LPG exports and rising Chinese imports for petchems. Smooth transition or an unsettled market?"
~ Poten & Partners
CMT is proud to announce the 7th LPGtrade Summit to be held in Istanbul's Mövenpick Hotel Istanbul, on 12 - 14 November. This summit presents you with first-hand updates from major producers/exporters from Africa, Russia, as well as dynamics of the demand markets from East to West. The line-up of more than 15 industry and trade executives from Turkey, Asia, Europe and etc as well as experts from Shipping, Petrochemicals and Risk Management aims to provide focused insights on current issues as follows:
Be sure to attend this November's LPGtrade Summit and make trade happen. Mark your calendar to be at this premier gathering of key stakeholders from the global LPG industry and network with them during the Gala Dinner at the Galata Tower as well.
Profile of 6th LPG Trade Summit
Confirmed Speaker Panel
YOU'LL NETWORK WITH
Read below what the industry said about the last event!
"First of all, the presentations are excellent! This is the opportunity to listen, ask & learn."
"LPG Event to remember"
"Probably the best attended LPG conference"
"Good Opportunity, able to do some marketing of my company and know some new potential clients/ competitors/ partners"
"The conference provided us a real international environment for 02 days with participants and global overview of LPG trade"
Top LPG conglomerates & key experts are participating in CMT's Istanbul conference on 12-13 November 2012
Posted on : 05 Nov, 2012
The 7th LPG Trade Summit opens on 12-13 November in Istanbul. Once again, the summit is all set to deliver expert views and opinions on the changes in the LPG market, export outlook, overview of trade flow & pricing, logistics & shipping scenario, and other key industrial updates.
In the same way as it has been for the last 6 years, strong participation from core and allied segments are expected at this year’s event as well. See below for an overview for who are participating:
International conglomerates attending the event include
Bayegan endorses 7th LPG Trade Summit as Platinum Sponsor and host of Gala Dinner in Istanbul
Posted on : 19 Oct, 2012
In less than a month, key industry players and experts will be convening in Istanbul, Turkey, for the 2 day 7th LPG Trade Summit, organized by CMT with Platinum Sponsor, Bayegan.
An industry powerhouse with proven track record, Bayegan will play host of the Gala Dinner at the Galata Tower, one of the most striking landmarks in the city. All the speakers and participants of the event are invited to the dinner, a perfect opportunity to network and socialize while enjoying the scenic night view of the surrounding that exudes a tinge of historical elegance and rich Turkish culture. A line-up of orchestra and other performances has also been arranged to make this trade event a memorable one. See program itinerary below:
Gala Dinner at the Galata Tower
19:00 - Gather at Mövenpick Hotel lobby for transfer
19:30 - Arrive at Galata Tower
19:45 - Networking Reception
20:00 - Orchestra starts, followed by Dinner
20:30 - Performance
23:00 - Transfer Mövenpick Hotel Istanbul
Dress code: Business Casual
8% increase in LPG exports from ME to Asia; exports are main driver behind ships market growth
Posted on : 24 Sep, 2012
Global maritime consultants Drewry said in a report that the LPG (Liquefied Petroleum Gas) exports from the Middle East to Asia have driven the steady growth of the LPG fleet worldwide. It forecasts that due to strong LPG exports, demand for vessels will remain firm.
The industry analyst said the LPG shipping market has gained steadily over the year. Drewry said that firm demand from Asia and increased exports from Middle East have kept the market for larger vessels afloat. LPG export from Middle East to the Asian market grew 8% quarter on quarter to 8.7 million tons in April-June and 7% higher than in the same period last year.
Drewry said in a statement that rising LPG supply in Middle East coupled with relatively lower prices prompted nations to store. “Almost all Asian countries seemed to be scurrying to fill up their stocks in view of lower prices, coupled with instances of loading and unloading delays at a few ports, which further held up tonnage.”
More updates on outlook of LPG shipping market & freight rates will be available at the 7th LPG Trade Summit in Istanbul on 12-13 November. Pre-Register now or contact Ms. Huiyan at firstname.lastname@example.org for further queries.
Read complete article here.
Global LPG demand on all-time high; rises by 1.4%
Posted on : 19 Jun, 2012
Heavy global extraction and refining of natural gas and oil is generating mass quantities of LPG for shipment. According to Oslo consultants, Lorentzen & Stemoco A/S, LPG trade will rise 3.9% this year and fleet growth by 2%. Five analysts’ estimates compiled by Bloomberg revealed that Exmar NV which operates 29 vessels will return to profit. The Middle East ranked the highest in export, while Asia is the largest buyer. Asia will use 3.4% more as shipments from the Middle East. The Middle East will also account for 29% of production growth and Asia, 90% of additional buying.
In the past decade, there has been a growing need for Exmar and BW Group Ltd.’s ships as global refinery capacity rose 11%. Steve Engelen, the manager of research and projects at Joachim Grieg & Co., said, “This market was in the doldrums for years, but now there are not many new ships and volumes are increasing. The additional volumes of LPG in the Middle East are so big they have to export, rather than consume them domestically.”
Also, JBC Energy’s findings confirm that global LPG demand will advance 1.4% to an all-time high of about 232 million tons this year.
In view of the rising supply and demand of LPG, the global LPG market, Incremental production & export growth in Black Sea, Middle East, North Africa and North Sea, as well as China & rest of Asia’s LPG demand are some of the key insightful topics that will shape the discussions at CMT’s upcoming 7th LPG Trade Summit on 12-14 November 2012 in Istanbul.
Watch this space for conference details which will be available soon. Meanwhile, one can Pre-Register to reserve places for the event.
For further details, contact email@example.com
View complete article here.