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Gas Shipping

Gas Shipping: Latest market insight


26 Nov: The VLGC market in 2025 remained highly volatile, with occasional rate spikes overshadowed by weak fundamentals.

 

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Navin Kumar

Navin Kumar


Aman Sud

Aman Sud


Pratiksha Negi

Pratiksha Negi

Gas shipping


Latest opinion: 29 Jan 2026

Demand volatility of the petchem sector to reshape LPG shipping dynamics in 2026

LPG demand as a petchem feedstock is likely to be volatile in 2026, driven by the easing petchem expansion in China, consolidations in mature markets such as Japan and South Korea and a downward spiral underway in Europe.

 

20 Jan 2026: LNG shipping in 2026: LNG shipping on a ‘road to recovery’, but 2026 marks just the beginning

Drewry expects LNG shipping rates to improve in 2026, driven by demand acceleration and LNG supply expansion. However, a significant rebound is still unlikely, as fleet expansion continues to outpace liquefaction build-up.

 

12 Dec 2025: LNG shipping in 2025: The year was quiet until ‘Winter’ arrived

LNG shipping rates in full-year 2025 were at their historic lows, with those for TFDE carriers down 48% YoY and those for XDF/MEGI down 35% YoY, despite the picture changing unexpectedly, which saw rates surging over $100,000pd in October and November due to the advent of winter.

 

09 Dec 2025: Trade policies and stronger fleet growth pose challenges for LPG shipping in 2026

Drewry expects volatility to persist in LPG shipping in 2026, amid a surging fleet, concerning petchem demand as well as slow (yet resilient) global economic growth and some geopolitical events overshadowing the expected rebound in trade.

 

A watchful eye on both the LPG and LNG shipping sectors

Our gases shipping practice is highly respected in the industry and is regularly followed and referenced in both industry and mainstream media. The team is responsible for maintaining extensive information resources and conducting weekly, monthly and annual analysis on the sector and assessing the impact of macroeconomic as well as regulatory and environmental change on the sector. 

In addition to detailed market analysis and rigorous forecasting, we offer market leading analysis of both LPG and LNG shipping markets, covering all the principle vessel categories, as well as appraisals of shipping finances, including pricing, operating costs, vessel values and investment returns. We challenge conventional wisdom through our deep understanding of the trade dynamics driving demand for different vessel types in all corners of the world.

Our consultants typically provide commercial due diligence for investors and lenders and market entry strategies, including financial analysis, to shipowners and operators. Meanwhile, our team of financial research specialists provides actionable insight on the leading LPG and LNG shipowners. 

An elite and diverse group of industry stakeholders from shipowners, to charterers, port authorities, investors and financial intermediaries rely on our range of weekly, monthly and annual market research, sector expertise and commercial experience to help inform decisions, reduce costs and drive performance improvement.

Key Contacts

Navin Kumar

Navin Kumar


Aman Sud

Aman Sud


Pratiksha Negi

Pratiksha Negi

Key Contacts

Navin Kumar

Navin Kumar


Aman Sud

Aman Sud


Pratiksha Negi

Pratiksha Negi

Latest Updates

Demand volatility of the petchem sector to reshape LPG shipping dynamics in 2026

Demand volatility of the petchem sector to reshape LPG shipping dynamics in 2026


LNG shipping in 2026: LNG shipping on a ‘road to recovery’, but 2026 marks just the beginning

LNG shipping in 2026: LNG shipping on a ‘road to recovery’, but 2026 marks just the beginning


LNG shipping in 2025: The year was quiet until ‘Winter’ arrived

LNG shipping in 2025: The year was quiet until ‘Winter’ arrived

Advisory services for the gas shipping sector

Advisory services for the gas shipping sector

Recent Case Studies

Crewing availability study for rapidly expanding global LNG fleet


Benchmarking of LNG fleet operating cost and earnings

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LNG Forecaster (Annual Subscription)

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