Download our analysis of the growing global VLEC fleet

Demand for very large ethane carriers (VLECs) continues to increase, not least to transport ethane from the US Gulf Coast to China. Recent announcements that new VLECs are being built in Asia is therefore not only welcome news, but also marks a key milestone towards the next wave of global ethane crackers.

We took a close look at the current state of the global VLEC fleet in relation to new demand in a recent edition of our Weekly NGLs Market Monitor. Packed full of data and analytics, this quick briefing is designed to help you understand the shifting market fundamentals that impact the price of NGLs.

Here are the key takeaways:


  • Europe and India currently make up the bulk of demand for US ethane exports


  • The US Gulf Coast-China trading route represents a growing segment of the global ethane market, presenting significant uncertainty as well as opportunity


  • A wave of ethane crackers has been announced in China, but these projects may be impacted US-Chinese trade tariffs

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