LPG Tanker Market : Segmentation
Gas tankers can be fully pressurized , fully refrigerated , or semi-pressurized . Carriers for ethylene are regarded as a separate segment in the market because these require extra refrigeration .
The capacity of such carries can range from as low as 500 cubic meters to over 10,000 cubic meters . Thus , the type of gas tanker selected would directly depend on the volume of LPG that is to be transported or stored . By size , the types of LPG tankers available on the market are small , medium , large , and very large gas carriers .
LPG Tanker Market : Region-wise Outlook
By geography , the global market for LPG tankers can be segmented into : North America , Asia Pacific , Europe , and Rest of the World . Because the Middle East has conventionally been the hub for oil production , the LPG gas tanker market in the region has been relatively large . However , with shale oil production showing a spike in the U . S . and Canada , oil and gas companies in these countries are now spending more on transporting the resource . That will , consequently , cause the demand for LPG tankers to rise in these countries .
The demand for energy is at an all-time high in emerging APAC countries . This will also create million-dollar opportunities for the LPG tanker market in the region .
Top players in this space include , but are not limited to : Great Eastern Shipping Company Ltd ., Navigator Holdings Ltd ., EXMAR , and Pertamina .
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