Older very large gas carriers (VLGCs) are finding it more difficult to attract buyers in the sale-and-purchase (S&P) market.
Brokers say banks are increasingly sceptical towards early 1990s-built tonnage because the spot market has fallen sharply from previous peaks earlier this year.
It had earlier been expected that China’s Tianjin Southwest would be able to offload its 73,000-cbm Gas Sapphire (built 1993) before the end of this year but TradeWinds is told the ship may instead end up being fixed out on bareboat charter.
