The LGC segment performed well throughout 2012. Supported by the increased demand for long haul ammonia transport, a number of ships were shifted from LPG trading to meet the new market demand. By the end of 2012, eleven ships were trading LPG, and the remaining nine were trading ammonia. All of the ships were primarily on medium to long term Time Charters. The outlook for 2013 remains positive as the majority of the fleet has already been committed.