Transformations in gas shipping: Market structure and efficiency

Steve Engelen and Wout Dullaert
Additional contact information
Steve Engelen: Joachim Grieg & Co, Karenslyst Allé 2, Oslo N-0213, Norway
Wout Dullaert: [1] Institute of Transport and Maritime Management (ITMMA) – University of Antwerp, Keizerstraat 64, Antwerp BE-2000, Belgium[2] Antwerp Maritime Academy, Noordkasteel Oost 6, 2030 Antwerp, Belgium

Maritime Economics & Logistics, 2010, vol. 12, issue 3, 295-325

Abstract: This article aims to improve understanding of the gas shipping markets which, contrary to the main merchant markets – namely the dry, the tanker and the container markets – have not been subject to the same scrutiny. We examine the fundamentals and segment these versatile markets in which expanding gas production and the drive towards liberalization are affecting market conditions. The analysis shows that the industrial LNG, LPG, ammonia and petrochemical markets are slowly transforming to a competitive setting with an increasing number of private buyers and sellers rendering the market more efficient. The gas asset markets are still too small in size and illiquid so that entry and exit through the second-hand market remains difficult.

Date: 2010
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.palgrave-journals.com/mel/journal/v12/n3/pdf/mel201010a.pdf Link to full text PDF (application/pdf)
http://www.palgrave-journals.com/mel/journal/v12/n3/full/mel201010a.html Link to full text HTML (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:marecl:v:12:y:2010:i:3:p:295-325

Ordering information: This journal article can be ordered from
http://www.springer. ... nt/journal/41278/PS2

Access Statistics for this article

Maritime Economics & Logistics is currently edited by Hercules E. Haralambides

More articles in Maritime Economics & Logistics from Palgrave Macmillan, International Association of Maritime Economists (IAME) Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().