Cleaves Securities has a message of hope for VLGC owners following recent rate plunges.
The Norwegian investment bank's head of research Joakim Hannisdahl foresees a "cyclical peak" as vessel demand outpaces newbuilding supply next year.
Shipbroker Poten & Partners assesses spot rates at around $14,000 per day from the Middle East to Japan, down from $50,000 in mid-May.
"With lengthy tonnage lists and low exports from both the US and the Arabian Gulf, spot rates have fallen back towards opex [operating expense],"...
