Its analysts, led by Jan Andreas Naess, made the revisions with US export terminals running at a higher capacity than earlier thought.

Fearnleys has boosted its 2015 VLGC rate estimate to $71,000 daily, up from the $59,000 daily it had pencilled in previously.

“We now forecast VLGC fleet utilization to stay at 95% through 2015, boosting estimates for owners with strong earnings power through the year,” Naess and colleagues said.