DNB Markets slaps a warning sign on the VLGCs

DNB Markets warns of a massive fleet growth in the segment for major VLGCs. "Investors should start positioning earlier," says the bank in a new analysis.

Photo: Petredec

It is about time to reconsider investments in the VLGC segment, says Norwegian DNB Markets in a new analysis. Because the falling crude oil prices - which some analysts predict will hit an average of around USD 80 per barrel in 2015 - are bound to impact the LPG segment.

The party is not necessarily over right now, according to the analysts, but with a high number of new ships set to enter the market, the 3rd quarter 2015 could be a good time to react:

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