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Platou: Significant faith in VLGC market

Analysts at Platou believe that major players on the gas market such as Avance Gas and BW LPG can sustain a VLGC business, according to the latest analyses.

Photo: PR/BW Group

There is a significant amount of faith, among analysts at banks as well as analyst agencies, in the fact that the gas market will continue to improve in the years to come, a development that rubs off on evaluations of the growing VLGC market for ultra-large gas carriers.

Analysts Platou - in the agency's most recent analysis of the world's largest VLGC owner, Singapore-based BW LPG - highlights the opportunities present in the spot market, as well as the solid benefits ahead of 2016, with daily rates of up to USD 40,000 per day on gas transports out of the United States.

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