Table of Contents
1 Table of Contents 2
1.1 List of Tables 6
1.2 List of Figures 9
2
Introduction 10
2.1 What is This Report About? 10
2.2 How to Use This
Report? 10
2.3 Market Definition 10
3 Global LPG Tanker Industry
11
3.1 Global LPG Tanker Industry, Snapshot 11
3.2 Global LPG Tanker
Industry, Active LPG Tankers 12
3.3 Global LPG Tanker Industry, Inactive
LPG Tankers 83
3.4 Global LPG Tanker Industry, Planned LPG Tankers 85
4 BW Gas ASA 92
4.1 BW Gas ASA, Key Information 92
4.2 BW Gas ASA,
Company Overview 92
4.3 BW Gas ASA, Business Description 92
4.4 BW Gas
ASA, Value Chain Analysis 96
4.5 BW Gas ASA, SOWT Analysis 97
4.6 BW
Gas ASA, LPG Tanker Operations, Key Data 99
4.7 BW Gas ASA, Revenue
Analysis 103
4.8 BW Gas ASA, Financial and Operational Review 104
5
Eitzen Group 106
5.1 Eitzen Group, Key Information 106
5.2 Eitzen
Group, Company Overview 106
5.3 Eitzen Group, LPG Tanker Operations, Key
Data 107
6 J. Lauritzen A/S 109
6.1 J. Lauritzen A/S, Key Information
109
6.2 J. Lauritzen A/S, Company Overview 109
6.3 J. Lauritzen A/S,
Business Description 109
6.4 J. Lauritzen A/S, LPG Tanker Operations, Key
Data 111
7 Solvang ASA 115
7.1 Solvang ASA, Key Information 115
7.2 Solvang ASA, Company Overview 115
7.3 Solvang ASA, Business
Description 115
7.4 Solvang ASA, LPG Tanker Operations, Key Data 117
8
EXMAR NV 119
8.1 EXMAR NV, Key Information 119
8.2 EXMAR NV, Company
Overview 119
8.3 EXMAR NV, Business Description 119
8.4 EXMAR NV, LPG
Tanker Operations, Key Data 121
9 Varun Shipping Company Limited 123
9.1 Varun Shipping Company Limited, Key Information 123
9.2 Varun Shipping
Company Limited, Company Overview 123
9.3 Varun Shipping Company Limited,
Business Description 123
9.4 Varun Shipping Company Limited, LPG Tanker
Operations, Key Data 125
10 Global LPG Tanker Industry, Deals Landscape
127
10.1 Mullen Group Acquires Pro North Well And Pro North Oilfield
127
10.2 Frontline Sells Minority Stake In Dockwise 129
10.3
Hargreaves acquires Imperial Tankers 130
10.4 Teekay Corporation and A/S
Dampskibsselskabet TORM Acquires OMI Corporation 132
10.5 Targa Resources
Partners To Acquire MarkWest Hydrocarbon And MarkWest Energy Partners 135
10.6 Enbridge To Sell 25% Interest In The CLH 137
10.7 Buckeye Partners
Completes Public Offering Of $110.89 Million 139
11 Global LPG Tanker
Industry, Recent Developments 142
11.1 May 14, 2008: BW Gas Declares Q1
2008 Results 142
11.2 Apr 11, 2008: Aker American Takes Delivery Of Fourth
Vessel 143
11.3 Mar 11, 2008: Mitsui Launches CM4, CM5, CM6 Services For
Asia-Middle East 144
11.4 Feb 14, 2008: Solvang Reports Q4 2007 Results
144
11.5 Feb 07, 2008: StatoilHydro Snags Bids In Chukchi Sea Lease Sale
147
11.6 Nov 15, 2007: Eitzen Reports Q3 2007 Results 148
11.7 Oct 25,
2007: EXMAR Reports Q3 2007 Results 149
11.8 Aug 13, 2007: J. Lauritzen
Reports H1 2007 Results 150
11.9 Jul 09, 2007: Shell, QP Announce Joint
Venture 151
12 Appendix 154
12.1 Methodology 154
12.2 Units of
Measure 157
12.3 Contact Us 157
12.4 About Global Markets Direct
157
12.5 Disclaimer 157
1.1 List of Tables
Table 1: Global
LPG Tanker Industry, Key Statistics, 2007 11
Table 2: Global Active LPG
Tanker Details , 2007 (Contd.) 12
Table 3: Global Active LPG Tanker
Details , 2007 (Contd.) 13
Table 4: Global Active LPG Tanker Details ,
2007 (Contd.) 14
Table 5: Global Active LPG Tanker Details , 2007 (Contd.)
15
Table 6: Global Active LPG Tanker Details , 2007 (Contd.) 16
Table
7: Global Active LPG Tanker Details , 2007 (Contd.) 17
Table 8: Global
Active LPG Tanker Details , 2007 (Contd.) 18
Table 9: Global Active LPG
Tanker Details , 2007 (Contd.) 19
Table 10: Global Active LPG Tanker
Details , 2007 (Contd.) 20
Table 11: Global Active LPG Tanker Details ,
2007 (Contd.) 21
Table 12: Global Active LPG Tanker Details , 2007
(Contd.) 22
Table 13: Global Active LPG Tanker Details , 2007 (Contd.)
23
Table 14: Global Active LPG Tanker Details , 2007 (Contd.) 24
Table
15: Global Active LPG Tanker Details , 2007 (Contd.) 25
Table 16: Global
Active LPG Tanker Details , 2007 (Contd.) 26
Table 17: Global Active LPG
Tanker Details , 2007 (Contd.) 27
Table 18: Global Active LPG Tanker
Details , 2007 (Contd.) 28
Table 19: Global Active LPG Tanker Details ,
2007 (Contd.) 29
Table 20: Global Active LPG Tanker Details , 2007
(Contd.) 30
Table 21: Global Active LPG Tanker Details , 2007 (Contd.)
31
Table 22: Global Active LPG Tanker Details , 2007 (Contd.) 32
Table
23: Global Active LPG Tanker Details , 2007 (Contd.) 33
Table 24: Global
Active LPG Tanker Details , 2007 (Contd.) 34
Table 25: Global Active LPG
Tanker Details , 2007 (Contd.) 35
Table 26: Global Active LPG Tanker
Details , 2007 (Contd.) 36
Table 27: Global Active LPG Tanker Details ,
2007 (Contd.) 37
Table 28: Global Active LPG Tanker Details , 2007
(Contd.) 38
Table 29: Global Active LPG Tanker Details , 2007 (Contd.)
39
Table 30: Global Active LPG Tanker Details , 2007 (Contd.) 40
Table
31: Global Active LPG Tanker Details , 2007 (Contd.) 41
Table 32: Global
Active LPG Tanker Details , 2007 (Contd.) 42
Table 33: Global Active LPG
Tanker Details , 2007 (Contd.) 43
Table 34: Global Active LPG Tanker
Details , 2007 (Contd.) 44
Table 35: Global Active LPG Tanker Details ,
2007 (Contd.) 45
Table 36: Global Active LPG Tanker Details , 2007
(Contd.) 46
Table 37: Global Active LPG Tanker Details , 2007 (Contd.)
47
Table 38: Global Active LPG Tanker Details , 2007 (Contd.) 48
Table
39: Global Active LPG Tanker Details , 2007 (Contd.) 49
Table 40: Global
Active LPG Tanker Details , 2007 (Contd.) 50
Table 41: Global Active LPG
Tanker Details , 2007 (Contd.) 51
Table 42: Global Active LPG Tanker
Details , 2007 (Contd.) 52
Table 43: Global Active LPG Tanker Details ,
2007 (Contd.) 53
Table 44: Global Active LPG Tanker Details , 2007
(Contd.) 54
Table 45: Global Active LPG Tanker Details , 2007 (Contd.)
55
Table 46: Global Active LPG Tanker Details , 2007 (Contd.) 56
Table
47: Global Active LPG Tanker Details , 2007 (Contd.) 57
Table 48: Global
Active LPG Tanker Details , 2007 (Contd.) 58
Table 49: Global Active LPG
Tanker Details , 2007 (Contd.) 59
Table 50: Global Active LPG Tanker
Details , 2007 (Contd.) 60
Table 51: Global Active LPG Tanker Details ,
2007 (Contd.) 61
Table 52: Global Active LPG Tanker Details , 2007
(Contd.) 62
Table 53: Global Active LPG Tanker Details , 2007 (Contd.)
63
Table 54: Global Active LPG Tanker Details , 2007 (Contd.) 64
Table
55: Global Active LPG Tanker Details , 2007 (Contd.) 65
Table 56: Global
Active LPG Tanker Details , 2007 (Contd.) 66
Table 57: Global Active LPG
Tanker Details , 2007 (Contd.) 67
Table 58: Global Active LPG Tanker
Details , 2007 (Contd.) 68
Table 59: Global Active LPG Tanker Details ,
2007 (Contd.) 69
Table 60: Global Active LPG Tanker Details , 2007
(Contd.) 70
Table 61: Global Active LPG Tanker Details , 2007 (Contd.)
71
Table 62: Global Active LPG Tanker Details , 2007 (Contd.) 72
Table
63: Global Active LPG Tanker Details , 2007 (Contd.) 73
Table 64: Global
Active LPG Tanker Details , 2007 (Contd.) 74
Table 65: Global Active LPG
Tanker Details , 2007 (Contd.) 75
Table 66: Global Active LPG Tanker
Details , 2007 (Contd.) 76
Table 67: Global Active LPG Tanker Details ,
2007 (Contd.) 77
Table 68: Global Active LPG Tanker Details , 2007
(Contd.) 78
Table 69: Global Active LPG Tanker Details , 2007 (Contd.)
79
Table 70: Global Active LPG Tanker Details , 2007 (Contd.) 80
Table
71: Global Active LPG Tanker Details , 2007 (Contd.) 81
Table 72: Global
Active LPG Tanker Details , 2007 (Contd.) 82
Table 73: Global Inactive LPG
Tankers, 2007 83
Table 74: Global Inactive LPG Tankers, 2007(Contd.)
84
Table 75: Global Planned LPG Tanker Details, 2007 (Contd.) 85
Table
76: Global Planned LPG Tanker Details, 2007 (Contd.) 86
Table 77: Global
Planned LPG Tanker Details, 2007 (Contd.) 87
Table 78: Global Planned LPG
Tanker Details, 2007 (Contd.) 88
Table 79: Global Planned LPG Tanker
Details, 2007 (Contd.) 89
Table 80: Global Planned LPG Tanker Details,
2007 (Contd.) 90
Table 81: Global Planned LPG Tanker Details, 2007
(Contd.) 90
Table 82: BW Gas ASA,Key Facts, 2007 92
Table 83: B W
Group, LPG Tanker Key Statistics, 2007 99
Table 84: BW Group, LPG Tanker
Details, 2007 100
Table 85: BW Group, LPG Tanker Details, 2007 (Contd..)
101
Table 86: BW Group, LPG Tanker Details, 2007 (Contd..) 102
Table
87: BW Gas ASA, Revenue by Segment, USD Million, 2003-2007 103
Table
88: BW Gas ASA, Financial Statements, USD Million, 2003-2007 104
Table
89: BW Gas ASA, Financial Ratios, USD Million, 2003-2007 105
Table 90:
Eitzen Group,Key Facts 106
Table 91: Eitzen Group, LPG Tanker Key
Statistics, 2007 107
Table 92: Eitzen Group, LPG Tanker Details, 2007
107
Table 93: Eitzen Group, LPG Tanker Details, 2007 (Contd.) 108
Table 94: J. Lauritzen A/S,Key Facts 109
Table 95: J. Lauritzen A/S,
LPG Tanker Key Statistics, 2007 111
Table 96: J. Lauritzen A/S, LPG Tanker
Details, 2007 112
Table 97: J. Lauritzen A/S, LPG Tanker Details, 2007
(Contd..) 113
Table 98: J. Lauritzen A/S, LPG Tanker Details, 2007
(Contd..) 114
Table 99: Solvang ASA,Key Facts 115
Table 100:
Solvang ASA, LPG Tanker Key Statistics, 2007 117
Table 101: Solvang ASA,
LPG Tanker Details, 2007 117
Table 102: EXMAR NV,Key Facts 119
Table 103: EXMAR NV, LPG Tanker Key Statistics, 2007 121
Table 104: EXMAR
NV, LPG Tanker Details, 2007 122
Table 105: Varun Shipping Company
Limited,Key Facts 123
Table 106: Varun Shipping Company Limited, LPG
Tanker Key Statistics, 2007 125
Table 107: Varun Shipping Company Limited,
LPG Tanker Details, 2007 126
1.2 List of Figures
Figure 1: BW
Gas ASA, Value Chain Analysis 96
Figure 2: Global Markets Direct
Methodology 154
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