Just when it seemed safe for more VLGCs to hit the water, a Drewry research report warns of looming clouds on the horizon.
LPG shipping rates have enjoyed a strong year thanks to growing US export capacity and growing Asian demand, with a recent forecast from DNB Markets seeing that strength last into the first half of 2016.
Drewry, though, warns that the second half of 2016 may prove more vexing as the large orderbook of newbuildings hits that water and puts pressure on rates.
Drewry’s
