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LPG, Ammonia & Petrochemical Gases

Gibson has been a leader in LPG and petrochemical gases for over 40 years and is home to one of the industry’s largest team.

We have the ability, experience and coverage to work and analyse the market on a global scale, covering coaster vessels through to VLGCs.

The market is currently seeing the largest expansion of cargo supply and fleet growth in its history, where timely information, strong relationships and innovative ideas is key to success.

New markets continue to emerge in this sector including green ammonia, ethane, Co2 and hydrogen with Gibson at the forefront of this development.

LPG, Ammonia & Petrochemical Gases in numbers

1700+

Gas carriers

2000+

Fixtures per year

130m

Tonnes shipped in 2022 from 100 countries

About LPG, Ammonia & Petrochemical

Product Broking

LPG product broking forms a key component of our gas service offering, enabling us to service the full LPG value chain and provide unique market intelligence to our clients.

Research & Analysis

Our on-desk analysts provide market insight, data and analysis to our clients, supported by our Consultancy & Research team who monitor longer term supply, demand, macroeconomic and regulatory trends.

Operations & Post Fixture

Our team of experience operators work alongside our brokers and clients ensuring efficient execution and performance of contracts, together with support and advice.

LPG team

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Aaron Mata

Broker

Department: LPG Coasters / Petrochemicals
Location: Singapore

Afico Lee

Broker

Department: LPG Product Broking
Location: Singapore

Alastair Fowler

Director – VLGC

Department: LPG Shipbroking
Location: London
Tel: +44 (0) 20 7667 1195

Alex Ward

Coaster Broker

Department: LPG Coasters / Petrochemicals
Location: London
Tel: +44 (0) 20 7667 1160

Alvin Yin

Broker

Department: LPG Coasters / Petrochemicals
Location: Singapore

Charlie Jones

Coaster Broker

Department: LPG Coasters / Petrochemicals
Location: London
Tel: +44 (0) 20 7667 1212

Craig Lockwood

MGC & Handysize Broker

Department: LPG Shipbroking
Location: London
Tel: +44 (0) 20 7667 1165

Danica Li

LPG Product Broking

Department: LPG Product Broking
Location: Hong Kong

Daniel Ward

Director – Coasters

Department: LPG Coasters / Petrochemicals
Location: London
Tel: +44 (0) 20 7667 1261

Edward Mah

Broker Assistant

Department: LPG Shipbroking
Location: Singapore

Eunice Cheang

Broker

Department: LPG Coasters / Petrochemicals
Location: Singapore

Harry Greene

VLGC Broker

Department: LPG Shipbroking
Location: London
Tel: +44 (0) 20 7667 1177

Harry Palmer

MGC & Handysize Broker

Department: LPG Shipbroking
Location: London
Tel: +44 (0) 20 7667 1042

Harry Whittall-Brown

Coaster Broker

Department: LPG Coasters / Petrochemicals
Location: London
Tel: +44 (0) 20 7667 1168

James Allan

VLGC Broker

Department: LPG Shipbroking
Location: London
Tel: +44 (0) 20 7667 1245

Jeremy Tang

Gas Operations

Department: LPG Operations
Location: Singapore

Karan Ramchandani

Senior Operator

Department: LPG Operations
Location: London

Lalit Parkar

LPG Operator

Department: LPG
Location: Mumbai

Propelling maritime trade through excellence in shipping services.

With over 130 years of experience and a global network of industry connections, we are your trusted partner in shipbroking and advisory services.
Tankers
From crude oil to refined products we facilitate the chartering and brokerage of tankers.
LPG, Ammonia & Petrochemical Gases
Leveraging expertise, we ensure seamless transportation of liquefied gases.
Sale & Purchase
Facilitating the acquisition, divestiture and value optimisation of shipping vessels.
Specialised & Chemical Tankers
Offering specialised solutions, we manage the chartering and brokerage of chemical tankers.
Projects & Time Charter
Catering for the specific needs of clients in project and time charter requirements.
Consultancy & Research
Providing valuable insights and strategic advice to empower our clients with market intelligence and analysis.
LNG
Facilitating chartering solutions to ensure the efficient and secure transportation of LNG.
Dry Cargo
Managing and actioning the chartering and brokerage of dry bulk commodities.

Discover more weekly reports

Tanker Market Report 28.06.24

Mired in MRs

MR tankers, the workhorses of both the clean and occasionally dirty product markets form the largest segment of the tanker industry. They are essential for the overall functioning of the market, making a detailed analysis of MR supply crucial for understanding tanker market dynamics.

View report
Tanker Market Report 21.06.24

Cleaning Up

LRs have seen extreme volatility this year, with spot earnings looking very much like a roller coaster ride. TCE returns on benchmark LR2 and LR1 trades have climbed several times this year above $100,000/day and $60,000/day respectively. Attacks on commercial shipping in the Red Sea are a key factor behind it, with 80% of all international owners switching to Cape of Good Hope routing for delivering clean petroleum products (CPP) into the European market. Total volumes shipped from the Middle East (excl. West Coast Saudi Arabia) have also steadily increased by around 400kbd between January and May, driven by rising refining runs on the back of substantial new capacity.

View report
Tanker Market Report 14.06.24

The Long View

Oil demand will peak this decade, that is the call by the International Energy Agency (IEA) who released their Oil 2024 report this week. The agency is now forecasting global oil demand growth to slow for the remainder of this decade, peaking in 2029 at 105.6 mbd from 103.2 mbd in 2024 and slip marginally to 105.4 mbd in 2030. The bulk of this demand growth, as expected will come from India and China, and other emerging Asian nations, primarily the petrochemical sector and aviation demand.

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Tanker Market Report 07.06.24

A Lot of Moving Parts

The long-awaited change in the product tanker market due to the 650kbd Dangote refinery start-up appears to be approaching. The refinery imported its first crude cargo in December last year and over the past three months imports averaged between 230kbd and 310kbd, mainly consisting of Nigerian grades, supplemented by US barrels.

View report
Tanker Market Report 31.05.24

Still Handy?

Despite being the oldest deep sea tanker fleet, the Handy sector (32,000 – 42,000 dwt) has been the least invested tanker sector of the past decade. Whilst the Handy market has also been most impacted by the War in Ukraine, both from a sale and purchase and trading perspective, there is still a clear need for modern well approved tonnage, with the sector facing a major supply crunch in the years ahead.

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Tanker Market Report 24.05.24

OPEC’s Dilemma

Oil markets once again are carefully watching for any comments from OPEC+ officials, with speculation building what the group will decide during their upcoming meeting on June 2nd. Will OPEC+ continue with their current production cuts or will they cut further, allowing non-OPEC members to grab an even larger market share?

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Tanker Market Report 17.05.24

Dark Flows

Despite operating under long running sanctions, Iranian crude exports continue to flow. The large shadow tanker fleet as well as the network of traders and financial intermediaries that make this trade possible have occasionally faced sanctions enforcement. US Treasury officials have recently been in Malaysia and Singapore to have discussions with local players about the ongoing presence of large-scale Ship-to-Ship (STS) operations of sanctioned Iranian, Venezuelan crudes off the Malaysian coast.

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Tanker Market Report 10.05.24

Asset Price Ambiguity

VLCC asset prices appear to be caught in a paradoxical market scenario. While conventional market sentiment and pricing models would suggest that prices are reaching overheated levels, mirroring the peaks seen in 2008, the underlying supply dynamics seem to justify these increases for now.

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Tanker Market Report 03.05.24

Is EV Uptake Slowing?

In recent months we have seen some gloomy developments in the electric vehicles (EV) market. Rental company Hertz has already announced its plans to sell 20,000 EVs and now plans to offload another 10,000 due to waning demand. Tesla has abruptly dismissed the team running its electric vehicle charging business, raising doubts about the future of one of the largest US charging networks, especially considering that a lack of charging infrastructure is one of the main barriers to widespread EV adoption. Elsewhere, Mercedes-Benz has announced in recent investor conference a delay to its EV sales target, now aiming for EVs and hybrids to account for up to 50% of its sales by 2030, instead of initial target of 50% by 2025.

View report
Tanker Market Report 26.04.24

Shifting Supply Chains

With the one third of the year already over and the Red Sea still off limits to the majority of the tanker market, we examine how crude and product trade flows have changed to account for the necessary rerouting.  Evidently different subsectors have been impacted differently. Volatility in clean product freight rates has been far higher than in the crude market. However, both sectors have had to adjust supply chains in response to changes in freight and commodity prices.

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Tanker Market Report 19.04.24

Looking into 2025

Earlier this month the IEA released its monthly oil report, offering for the first time their analysis of how oil markets could shape up in 2025. The agency expects global oil demand to grow by 1.1 mbd next year, just marginally below 1.2 mbd expected in 2024.

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Tanker Market Report 12.04.24

Turkish Delight?

After just over a year of being offline, discussions about restarting the 450 kbd KRG pipeline remains at an impasse. Despite months of negotiations since March 2023, insufficient progress has been made to restart flows from Northern Iraq to the Turkish port of Ceyhan. Political tension between the Federal Iraqi Government, the autonomous Kurdistan Regional Government (KRG) and Turkey have blocked previous attempts at finding a resolution. For the tanker market, particularly the Aframax sector, this resulted in the loss of approximately 400 kbd of exports out of Ceyhan, reducing the supply of crude cargoes in the Mediterranean, forcing owners to look for other opportunities.

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Tanker Market Report 05.04.24

New Frontier

Much of the focus over the past few years has been on the impressive ramp up of oil production in Guyana where production is on track to rise to 800kbd next year from zero in 2019. Yet in the years ahead, new frontiers in the oil market could emerge and one such region with potential is Namibia.

View report

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Discover relevant industry news, insights & events

News 10.06.24

Gibson appoints Thomas Woidemann as Head of Gas, Asia

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News 15.02.24

Gibson appoints Gerrit Stricker as Head of LNG, hires Romain Grandbesancon

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News 20.05.23

Team Gibson comes 3rd in the Baltic Exchange Sailing Event

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News 28.01.22

A Successful Opening

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News 20.12.21

Nigel Richardson retires as Managing Director

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News 06.06.21

New member profile: Paratus Group

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News 01.03.21

Gibson opens India office

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News 20.04.20

Gibson appoints Roger Harrison as new Deputy Managing Director

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News 04.04.19

Gibson Shipbrokers shows off Movember whiskers for men’s health

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News 20.12.18

Gibson chief Richardson reflects on ‘first 125 years’ of shipbroker

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News 21.06.18

Gibson MD Nigel Richardson joins AOG for its 30th Year Celebrations

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News 20.12.17

Far East offices come together to enjoy festive breakfast

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