ShippingWatch

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:

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs