Danske Bank: Very strong VLGC developments

Avance Gas and BW LPG are among carriers that can ride the current VLGC wave, says Danske Bank.

Photo: Avance Gas

The VLGC rates are booming right now, and this makes Danske Bank issue a Buy rating for Avance Gas as well as BW LPG, two of the major players in the gas transport segment.

"Historically, VLGC rates decline from August and through the winter. Declining rates are accounted for by consensus, but at too low levels we argue, as rates are expected to level off from the current USD 100,000per day, which are way above the street’s expectations," says Danske Bank, adding:

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