BW LPG, Dorian LPG and Avance Gas were all cut from buy to neutral as a large orderbook looms imposingly on the track ahead.

In downgrading BW LPG, analysts Frode Morkedal and Herman Hildan said: “The LPG carrier market is like a run-away train, current earnings are record high, but eventually the train will derail and hit a mountain of supply in 2016.