Tanker

Dorian-CEO expects new spike in LPG rates after record start to 2021

LPG rates reached a peak for now in mid-January. Since then, they have cooled off somewhat, but this does not keep Dorian CEO John Hadjipateras from projecting a new spike already this year. Four reasons factor in, he tells ShippingWatch.
Photo: PR / Dorian LPG/NYSE Euronext
Photo: PR / Dorian LPG/NYSE Euronext
by TRINE VESTERGAARD

The rates for shipping LPG on the Very Large Gas Carriers, VLGC, set a new record in mid-January when shipowners were making USD 110,000 per day in the spot market.

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