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LPG freight rate recovery to be confined to smaller vessels

LPG freight rate recovery to be confined to smaller vessels
Vessel oversupply will persist in the LPG shipping market for the next two years, keeping freight rates under pressure across most size segments, with any recovery being confined to smaller vessels, according to Drewry’s latest LPG Forecaster.

Scrapping to determine the pace of recovery for tanker shipping market

Recovery in the crude tanker shipping market is not expected until 2020 as weak trade growth and a bloated orderbook limit any rate recovery, with scrapping levels influencing the pace of any upturn, according to Drewry’s latest Tanker Forecaster.

Growth in chemical tanker fleet trading in chemicals and vegoils to outpace CPP fleet

Demand for methanol and vegoil will moderately support global seaborne trade, causing the shipping fleet trading in chemicals and vegoils to expand, according to Drewry’s latest Chemical Forecaster.

Dry bulk shipping market to grow steadily but renewable energy a downside risk

The outlook for dry bulk shipping remains positive given the shrinking supply-demand gap, according to Drewry’s latest Dry Bulk Forecaster.