Continental Focus, International Reach

Crude Oil, LNG, and LPG Tanker Industry Plans for Expansion

Thursday, July 21, 2016

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Crude Oil, LNG, and LPG Tanker Industry Plans for Expansion with 12 Announcements in H1 2016, says GlobalData

LONDON, UK (GlobalData), 20 July 2016 – GlobalData’slatest report* shows that in terms of planned oil tanker deadweight tonnage, Gener8 Maritime, Maran Tankers Management, and Tsakos Energy Navigation are the top three operators globally, with 3,319,000, 2,212,900 and 1,619,300 tonnes planned, respectively.

Four new crude oil tankers were announced in the first half of 2016, with Arab Maritime Petroleum Transport Company announcing two, and Kyoei Tanker Company and Tsakos Energy Navigation announcing one each, according to data from research and consulting firm GlobalData.

The company’s report states that in terms of planned Liquefied Natural Gas (LNG) carrier storage capacity, the top three operators are Teekay LNG Partners with 3,460,000 cubic meters (m3), Mitsui OSK Lines with 3,032,934 m3, and Maran Gas Maritime with 2,256,000 m3.

SK Shipping Company and Maran Gas Maritime each announced two new LNG carriers in the first half of 2016. SK Shipping Company announced the LNG carriers Skes 5 and Skes 6, each with a storage capacity of 180,000 m3. Maran Gas Maritime, meanwhile, announced Maran Gas I and Maran Gas II, each with a storage capacity of 173,400 m3.

The report also identifies that Petredec, BW Group and Exmar LPG BVBA are the top three operators in the world in terms of planned Liquefied Petroleum Gas (LPG) tanker storage capacity. The three operators are expected have planned carrier storage capacity of 610,800 m3, 336,000 m3 and 228,000 m3 respectively. In the first half of 2016, Petredec announced four new LPG tankers, while Nippon Yusen Kaisha Line, BW Gas, and Hyproc Shipping Company each announced two.

 


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