A few weeks ago the LPG market was basically a money printing machine
With daily rates of USD 100,000 a few weeks ago, the LPG market was basically a money press, as BW LPG chief executive Anders Onarheim puts it in an interview with ShippingWatch. Today, rates would have a hard time going any lower, he says.
Although BW LPG's chief executive Anders Onarheim predicts a tough second quarter for the LPG market, he does not think rates can get much lower than they are right now. He does, however, see light at the end of the tunnel – albeit not until the second half of the year.
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Gas major BW LPG eyes strained market in the second quarter
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