Introduction & Objective of TANCO 2023 :

Specialists in the maritime industry will discuss the current scenario and future trends of the Seaborne Oil, Chemicals & Gas Tanker Trade. Be a part of crucial discussions on “Overcoming The Impact of Covid-19 and Recognising Emerging Opportunities in India's Seaborne Oil, Chemicals & Gas Tanker Trade” with the most well-known and respected Industry professionals.

Global LNG trade is expected to reach 585 bcm/y by 2025, an increase of 21% compared to 2019. Emerging Asian markets remain the driving force behind the expansion of LNG imports, led by China and India, while the United States accounts for almost all of the net growth on the export side. How do we determine the extent of the damage done by Covid-19? What measures should be implemented by Governments and industries to cope with this?

Indian LPG consumption in 2020 was at 27.41 million tons, 4.3% higher than a year earlier. The nation imports most of its LPG supplies. LPG production from the refining sector in India is forecast to increase by 1.4 MMt between 2021 and 2023 – from 12.8 MMt/y to 14.3 MMt/y. What does this mean for the future of the LPG imports in India? How will it impact Indian Shipowners?

A large volume of Chemical Tankers companies felt the impact of the COVID-19 pandemic in multiple dimensions and are now emphasizing sustained growth over the long-term future. As the global Chemical Tankers and other chemicals industries play a vital role in the economic recovery of countries, Chemical Tankers companies are likely to witness potential opportunities in the short-term period.

As of December 01, 2020, India’s oil refining capacity stood at 259.3 million metric tonnes (MMT), making it the second-largest refiner in Asia. According to IEA (India Energy Outlook 2021), primary energy demand is expected to nearly double to 1,123 million tonnes of oil equivalent. What opportunities can be expected for the maritime industry?

The above-mentioned topics are crucial to discuss and explore as an Industry. The Shipping Tribune is pleased to announce a one-day conference on 16th Feb 2023 to facilitate such conversations that are imperative for the growth of the Maritime Sector.