Demand for Liquefied Natural Gas (LNG) Tanker

Demand for Liquefied Natural Gas (LNG) Tanker

Liquefied Natural Gas (LNG) Tanker shipments to Asian countries are increasing day by day due to several reasons. First of all the cost of crude oil is touching an all-time large. This has made Asia a more important buyer of LNG compared to Europe or North America. Asia’s population is growing considerably and so is its need for energy. It has become evident that more Asian markets will be the major consumers of LNG over the next decade.

The demand for LNG is directly proportional to the volume of gas in the ground compared to the annual consumption. If there is not much natural gas in the ground, then there will be no demand for it. As a result, the availability of LNG on the marketplace plays a decisive role in setting the price of gas in the market. The demand for LNG is increasing in spite of the fact that there’s little supply of the commodity in the world. If we carefully analyze the supply scenario of the future, it is evident that in the coming years, the world will want a lot more LNG than the supply available today. This will have a significant impact on the prices of natural gas.

Due to the high demand for LNG, there are particular governments that are offering lucrative tax concessions to companies and individuals who buy LPG tankers. These governments believe that the high costs of natural gas ought to be controlled or taxed sufficiently so as to offer the consumers with an adequate quantity of energy. In america, the government is considering several alternatives to tax the export of LPG. By way of instance, it may impose a tax on the expense of transporting the LPG across state lines.

Additionally, it proposes to levy an import tax on LPG to curb the over-supply of the commodity. Some European Union countries like Ireland and Norway have issued a restriction on the export of LPG. But, the United States has so far, remained mum on the matter. There are lots of reasons why the U.S. isn’t considering taxing the export of natural gas.

According to a recent report prepared by the Natural Resources Defense Council, U.S. lacks the expertise to safely transfer LPG through water. Experts in the area of ocean shipping say that there is a high risk of oil spill in the event of ocean transport of natural gas. Oil transported by sea is subject to piracy and oil spills are prone to happen. There’s also a threat of property accidents as oil tankers do not have enough space to maneuver at safe speeds along the seas.

A natural gas tanker might be a suitable solution to meet the increasing demand from the U.S. for fuel. There are two unique types of natural gas carriers, namely, surface-carrying and offshore-transit vessels. Most natural gas will be transported by surface-carrying vessels since they are cheaper and faster. They have better capacities to transport volumes of pure gases. A normal natural gas carrier boat can manage about 200 tons of natural gas. However, most natural gas carriers need a license for transporting bulk quantities of natural gas.

The expense of a natural gas tanker varies from one carrier to another. There are several factors that influence its price such as the gas density of the natural gas and its rate. Prices of organic gases have shot up recently as demand for it has increased. If you are looking to purchase a natural gas tanker, there are certain points you have to consider.

First, the natural gas carrier company will negotiate with the producer of the natural gas to be able to get the best price for his freight. It’s much better to check out prices of different carriers online before investing. This gives you an idea of the cost that can be charged by different companies for transporting natural gas. It is also important to find out how the natural gas is carried and stored once it’s in transit to get an idea of its storage capacity. Once you know how much you can invest, you’ll have the ability to gauge whether you’ll be able to make a profit when you purchase a natural gas tanker.

 

 

 

Enterprise Resource Planning Software: How ERP System Can Help You

Enterprise Resource Planning Software: How ERP System Can Help You

ERP, Enterprise Resource Planning has gained popularity all over the world and ERP systems are the backbone of any modern organization. But ERP systems are not just restricted to big organizations and they’re also used within the small-scale industries. Small scale industries, as per the definition, have less than ten thousand employees and they require ERP systems that can manage the small volume of business. In other words ERP does not have to be restricted to large and reputed businesses only.

In Malaysia, too, many small scale industries have ERP systems. They have developed their own ERP system and although there are many similarities and differences between these two systems, there are also some major differences. The government of Malaysia has taken plenty of time in deciding the future course of organization charting and it’s due to this exact same reason the government is trying to develop its own ERP system. There are two types of ERP system – ERP based on Microsoft Windows platform and ERP based on the Java platform. But the choice between both of these systems depends on the local scenario of the organization or the requirement of the business.

Microsoft Windows ERP software has been widely acclaimed and is used by almost all big and medium scale companies throughout the world. Though many companies have switched to Windows because it provides better compatibility with many third-party programs and so forth. Many experts believe if ERP software is to be used by the tiny businesses, then it would be better to use open source ERP software which has many advantages like multi-tenancy, open development environment, high scalability, minimal cost, access to new extensions and so on. However, the users of such open source ERP software must be certain about the licensing agreement, they can’t just run the system without any consent or other legal responsibility. Even though there are many benefits of using such open source ERP applications, it is expensive in comparison to Microsoft Windows ERP software.

The second choice is to use either Blackberry software or Apple iPhone based smartphones for accessing the ERP system from a remote location. This can easily be achieved by hiring a telecommuting staff who will act as an intermediary between the company and the ERP program. This manner, many benefits are obtained by the business concerning cost saving, decrease in travel and time, productivity improvement, availability of latest software updates etc.. However, you cannot afford to employ such employees whose charges will be three times greater than the expense of a Windows ERP software.

Another alternative available for many companies is to use web enabled ERP software that is not installed in the computer system on the local level. A number of companies have made their internet portals in a bid to enhance the online image of the corporation. In cases like this, the system has to be accessed from remote locations and can be operated from either a laptop or mobile device. Such systems need a whole lot of customization and so the cost will be bit higher. However, it is going to provide you with the basic features of a conventional ERP system without the high costs and without compromising on the essential functionality. All the modern ERP packages include various other features which make them attractive to a lot of companies.

There is another choice available to organizations if they want to save money and yet can receive all the necessary features of ERP software. In this case, they can opt to use Windows servers for ERP system or hosted applications from third-party sellers. This will allow them to use their current network infrastructure for accessing the ERP software with no excess expenditure.

Even if you are planning to purchase ERP software from third-party vendors, you need to make certain that the cost of implementation is minimal. This is one aspect where many companies get into trouble. When they purchase the software, they believe that it will be installed in their whole infrastructure with no additional costs. In actuality, many businesses find out to their cost disadvantage later when they have to spend a lot on ERP hardware, software and other maintenance costs. So, before purchasing any software from vendors, be certain you don’t fall into this trap.

Enterprise resource planning software is an integral part of any business today. If your organization is still running without one, now’s the ideal time to equip yourself with one. As a business person, you need to weigh the benefits that have an ERP system against the expense of implementation. If you think the complete cost of implementing an ERP is lower than the cost of buying the software, you should definitely buy one for your company.