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Local LPG transportation attracts big VLGC companies
Aug 28: The Very Large Gas Carriers (VLGC) market for transportation of LPG within Indian waters is attracting big international players
8This is evident from one such company writing a JV to cater exclusively for such transportation needs.
8The JV will begin with 2 VLGC vessels and is meant to be operational by the end of this year
8The market for transportation within Indian waters remains competitive even as global VLGC rates are down and now just cover opex for most ship owners.
8Seaborne LPG trade contracted in Q2 2017 as strong Chinese import growth was offset by double-digit declines in Indian and Korean imports.
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