North American winter to decide VLGC fortunes

The winter weather in North America has a decisive impact on the LPG export and the major gas vessels, VLGCs. A drop in temperature will lead to a limited export, says Drewry.

Photo: Pressefoto

Temperature developments in North America are being watched closely these days. Because the winter weather in the US is absolutely crucial in deciding whether the major VLGC gas vessels will have a good or not so good quarter for LPG gas exports. The lower the temperature, the less of the gas will be exported to other regions.

The LPG market is traditionally slower during the winter and builds up strength toward the summer period and during the summer. Last year the market only experienced a slight decline, and the question is whether gas carriers will see the same trend this year.

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