As the Graph shows, there was a relatively firm level of LPG contracting during the ordering boom, 2005-08, The global recession saw ordering levels drop and just. More recently, ordering in the LPG sector has been supported by a positive trade outlook with growing US exports, increased demand in the Far East and record earnings in 2013 and 2014. As a result, the LPG orderbook is now equivalent to 39% of the fleet in the highest ratio across the major ship sectors