A number of shipowners in the gas sector are eyeing the potential of the nascent ethane shipping and VLEC market on the back of the shale gas revolution.
Classification society ABS has been selected to class a series of very large ethane carriers (VLECs) built at Samsung Heavy Industries for India’s conglomerate Reliance.
As US ethane output continues to grow along with the shale gas boom, Lloyd's Register has published an analysis of the ethane market, and the potential development of larger ships to carry ethane as a cargo.
The development of the ethane transport market has been quite dynamic for some time in Europe, but the trend in Asia has been somewhat more measured. This week’s commitment by Reliance Industries to a project to import 1.5m tonnes of ethane to...