Mr. Reidar Sundvor will be giving a presentation at the 12th LPG Summit in Dubai 23.-25.October 2017.
“Assessing Opportunities for Increased Demand & Global Trade”
The LPG market is currently in a period of transition; adapting to an environment of increasing supply, growing importance of the petrochemical markets, lower global price spreads and depressed freight rates.
Supply has increased in the last few years from both the US, as a result of Shale Gas exploration, as well as from the Middle East as players maintain global market share and production projects come to fruition.
The title of Mr. Sundvors presentation is: LPG Shipping: VLGC Market Outlook – Trade & Fleet Growth, Ship Value Development, and will be held on day 2 at 11:05.