Released on = September 11, 2006, 3:28 am

Press Release Author = Bharat Book Bureau

Industry = Energy

Press Release Summary = Mumbai, India - Sept 11 - The LPG market has been through a
depressed period in recent years, but has finally started to show signs of
resurgence. Underpinning the growth has been the increased production of both crude
oil and LNG. Increased oil and natural gas prices pushed LPG prices to record highs
during 2004.

Press Release Body = The LPG market has been through a depressed period in recent
years, but has finally started to show signs of resurgence. Underpinning the growth
has been the increased production of both crude oil and LNG. Increased oil and
natural gas prices pushed LPG prices to record highs during 2004.

There are many new LPG production projects currently under construction,such as in
Angola, Egypt and Norway with larger-scale production expansion in Nigeria and
Qatar.

Demand for LPG has been steadily rising for the past decade and is forecast to
continue with economic growth in the main consuming nations, such as the US, China
and Japan.

To facilitate the new supply and demand the LPG fleet is about to undergo a major
transition. The current order book equates to approximately 24% of the current fleet
capacity. However, 33% of the fleet is over 20 years of age. Therefore, the LPG
fleet will undergo a large newbuilding programme to replace existing ageing vessels
as well as building additional vessels for the increased trade prospects.

LPG Carriers: Market Prospects to 2015 examines the outlook for all aspects of the
LPG carrier market throughout the period to 2015, through detailed analysis of
recent/current developments and extensive future forecasts.

Included in LPG Carriers: Market Prospects to 2015 are detailed analyses and
forecasts in the areas of: Trade volumes and patterns;

Fleet development, including newbuilding and scrapping prospects;
Vessel operating costs;
Vessel freight rates;
Vessel demand and supply;
Vessel profitability.

LPG Carriers: Market Prospects to 2015 provides invaluable independent analysis on
the future development prospects for all aspects of the LPG sector. It represents
the most up-to-date and comprehensive examination of the LPG shipping industry and
is essential reading for all parties with an interest in this sector.


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