We are LPG
Petredec Global is the world’s leading VLGC shipping & trading company. We connect our clients around the world through logistics optimisation. Our visibility across the entire LPG ecosystem allows us to cultivate and maintain dependable, yet flexible, floating infrastructure networks everywhere that LPG is supplied and in demand.
Focused solely on LPG, one of the planet’s cleanest burning energy sources, Petredec Global comprises the second largest VLGC fleet and one of the leading physical product and derivatives trading platforms.
It is through this fully integrated model and 360-degree market view that Petredec Global provides industry-leading logistics to our clients, superior profitability to our shareholders, and is best placed to benefit from the call on US shale, growing US production, and rapidly increasing global LPG demand.
VLGC fleet age profile of 4.5 years vs an industry average of 10 years.
Petredec Global transported and supplied a combined 11.7 million MT of physical LPG in 2022.
There is no commodity in the energy space where shipping and trading are as interlinked as LPG. It is for this reason that we do not think of ourselves solely as a VLGC ship owner, or as an LPG trader. Petredec Global is an LPG value chain company.
Jonathan Fancher, CEO Petredec Global
Petredec Global comprises the world’s youngest and second largest VLGC fleet. Our worldwide trading and logistics operations are far and away the best in the industry, providing our customers with the confidence to build their businesses around our dependable supply.
A fleet for the future
Already equipped with the youngest and second largest VLGC fleet, made up of thirty modern vessels, our six dual fuel newbuilds will emit 25% less CO2 than their non-eco equivalents while also returning 25% higher earnings.
less C02 emissions
Never ones to stand still, we pride ourselves on our extraordinary growth over the last four decades. We remain focused on expansion throughout the LPG value chain, specifically by unlocking logistical bottlenecks and providing clean-burning and life-changing energy alternatives to existing and emerging markets.