VLGC & LGC carriers: What has the future in store?
The freight rates for VLGC and LGC carriers have been in dramatic decline since 2016. 8Prices in the fourth quarter of 2017 were down to $17,500 daily TCE from over $27,000 in 2016 for VLGCs 8For LGC's, the rate went down from $23,000 to $14,100. 8The global supply and demand market is changing too, with the US LPG exports rising and that of Middle East declining. 8Both China and India continue to show a strong appetite for LPG. 8A global demand-supply matrix is presented here, along with US supply-demand and net export outlook for 2018 and 2019 8The order book position for vessels going ahead is documented too. Click on Reports for more