There are few global markets that have undergone as much change in recent years as liquid petroleum gas (LPG). Enormous growth in supply volumes from the United States, the Middle East and other regions has altered the traditional global trade routes and is leading to a transformation of the global petrochemicals sector.
The continued development of shale resources in North America has led to a surge of production of natural gas liquids (NGL). Growing supplies of ethane and propane in particular have transformed the US petrochemicals sector from a sunset industry into one of the most dynamic segments of the global chemicals business.
Led by large investments in infrastructure on the Gulf Coast and East Coast, the US is rapidly becoming one of the leading NGL exporters in the world as US ethane moves to Europe and US producers export large volumes of propane to supply propane dehydrogenation (PDH) projects in Asia.
With decades of experience in this global market and a deep understanding of the technical and commercials dynamics of the LPG industry, Poten & Partners provides clients with a wide range of services tailored to meet their unique needs.
Poten’s liquefied petroleum gas shipbrokers are active throughout all vessel segments from VLGCs to smaller semi-refrigerated vessels. Our team of professionals canvasses the market constantly and provides clients with global intelligence on transportation of liquefied petroleum gas. We arrange spot and term charters and develop contracts of affreightment to suit clients’ specific requirements. In addition, we are active in the sale and purchase of liquefied petroleum gas carriers.
“Our team of professionals canvasses the market constantly and provides clients with global intelligence on transportation of liquefied petroleum gas.”
– Kim Westrup – Global Head of LPG Brokerage