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Drewry: Smaller gas carriers challenged by sliding rates

The smaller LPG tanker vessels of less than 100 meters, coasters, are plagued by low rates that have dropped significantly in the years since the financial crisis, according to a new analysis from Drewry.

Where the major VLGCs are currently sailing at all-time high rates, things are looking somewhat different for the smaller gas ships of less than 100 meters, the so-called coasters.

In this segment the market is struggling with far too many ships, while the rates are stuck at low levels, says analyst agency Drewry in a new analysis:

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