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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In the drama surrounding the merger between tanker majors Euronav and Frontline, one of the arguments from Euronav’s biggest shareholder, the Saverys family, is that the merger will pull Euronav in the wrong direction on the green agenda. Euronav tells ShippingWatch that the company rejects this criticism.