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Author Topic: Fracking Related Jobs!!! Growth industries.  (Read 480 times)
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WhiskeyGirl
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« on: July 29, 2013, 07:34:25 PM »

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Fracking Boom Sends Chemical Tankers to Five-Year High: Freight

The boom in U.S. natural-gas supplies is boosting chemical exports to Asia, driving up demand for specialized ships that carry the products and sending freight rates to a five-year high.

Earnings for tankers carrying 20,000 metric-ton cargoes in stainless-steel tanks will rise 12 percent to an average of $14,500 a day next year, the most since 2009, according to RS Platou Markets AS, the investment-banking unit of Norway’s largest shipbroking group. Analysts raised their estimates for shares of Stolt-Nielsen Ltd., the biggest owner of the vessels, and expect them to rise 24 percent in 12 months, instead of 4.9 percent as recently as May 31.

The 24 percent increase in U.S. natural-gas output over the past decade is cutting costs for the nation’s chemicals producers, who will boost exports of materials used in everything from paints to plastics to a record in 2013. China, the largest importer, is on course to buy more than ever, pushing fleet use to 87.2 percent of available transportation capacity this year and 89.8 percent in 2014, the highest since 2008, Platou estimates.

read more here - http://www.bloomberg.com/news/2013-07-29/fracking-boom-sends-chemical-tankers-to-five-year-high-freight.html

I remember reading recently about ship building expanding somewhere in the US.  Maybe they make tankers?
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