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After violent shifts in sentiment caused by global trade wars and a spell of extreme cold in the US earlier this year, VLGC markets may be heading for calmer waters
Two South Korean LNG shipowners are biting the bullet and sending four elderly steam turbine vessels for demolition in separate en-bloc deals, bumping the number of LNG carriers scrapped this
Shanghai Jinghan Shipping has ordered up to two 7,300-dwt stainless steel chemical tankers at China’s Zhoushan Dashenzhou Shipbuilding.
Shanghai Jinghan contracted one firm 7,300 dwt duplex stainless steel unit and
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VLGC spot rates have risen too far and too fast, with earnings not backed up by gas price gaps, brokers believe.
Freight levels have fallen a little from last week
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