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:

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

Sovcomflot divests from sanctioned tanker fleet

Russian tanker operator Sovcomflot, which has been subject to sanctions following Russia’s invasion of Ukraine, makes a significant divestment from its tanker fleet. One of the buyers is Eastern Pacific Shipping.

Further reading

Related articles

Latest news

See all jobs