SSG No 10 - Shipgaz
SSG No 10 - Shipgaz
SSG No 10 - Shipgaz
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The Sigas Mariner, a 1,600 cbm LPG carrier owned by Eitzen Gas.<br />
rier fell moderately from USD 840,000 per<br />
month to USD 760,000 in the period, with<br />
a high of USD 900,000 per month and a<br />
low of USD 740,000.<br />
LPG products<br />
Liquefied Petroleum Gas is principally<br />
hydrocarbons comprising propane and<br />
butane. Roughly speaking it is produced in<br />
three different ways; by removing volatile<br />
components from crude oil, as impurities<br />
removed from natural gas, and finally by<br />
distillation or cracking. LPG is used as petrochemical<br />
feedstock to produce gases like<br />
ethylene, propylene and ammonia. Only a<br />
small portion of LPG for household use is<br />
transported at sea.<br />
LPG prices are directly proportional to<br />
oil prices. Since the beginning of 2006 propane<br />
and butane prices – FOB <strong>No</strong>rth Sea<br />
bENT MIKKELSEN<br />
LPG carrier freight<br />
(USD per tonne – FOB <strong>No</strong>rth Sea)<br />
650<br />
600<br />
550<br />
500<br />
450<br />
400<br />
Quarter 1<br />
Q 2<br />
Q 3<br />
Q 4<br />
■ Propane<br />
■ Butane<br />
2006 2007<br />
Q 1<br />
Q 2<br />
Source: Fearnresearch<br />
– have remained relatively high. High/low<br />
for propane was USD 611.00/USD 447.00<br />
per tonne and for butane USD 585.00/<br />
USD 441.50.<br />
petter arentz<br />
V E R I STAR
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