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Aurora LPG eyes better days ahead after tough quarter

Norwegian gas carrier Aurora LPG took a hit from the low rates in the first half of 2016, but management points to signs that the crisis is temporary in nature and that rates could rebound to sustainable levels already this year.

Photo: PR-foto/Aurora LPG

The downturn in the LPG market is likely temporary in nature and it's the result of an oversupply of gas in the Far East. As such, the good times will probably return, projects Norwegian gas carrier Aurora LPG in its second quarter interim report, which otherwise shows declines across the board.

The company believes that the spot market could revert to sustainable levels during 2016 or in the longer term"

Aurora LPG in its interim report

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