“While political disruptions in the Black Sea and decreased petrochemical activity in and around China played a role in the weaker cargo market during the second half of 2014, vessel supply also played its part in dragging down fleet utilization,” Epic said.
At the end of 2014 the pressurised LPG carrier orderbook stood at 45 vessels with an aggregate capacity of 297,600-cbm, or 15% of the fleet by vessel count and 21% by capacity.
Epic
