DNB: We've only seen the beginning of the gas adventure

The good news for owners of the major VLGC gas vessels keep rolling in, most recently with a new record for spot rates, at more than USD 142,000 per day. And the positive developments do not look set to end anytime soon, predicts DNB.

BW LPG er den største operatør i dagens marked på VLGC. | Photo: PR/BW Group

Carriers such as BW LPG, Avance Gas and Dorian LPG must be some of the more pleased players in the shipping market these days. Spot rates for VLGC recently reached a new record high of more than USD 142,000 per day on average, according to numbers from the Baltic Exchange according to IHS Maritime, while the rates are now hovering at more than USD 133,000 per day.

And if one chooses to believe several analysts in the market, carriers do not have to fear an actual decline in the segment.

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