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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.

Drewry trims long-term freight rate outlook for LNG shipping

Given mounting pressure on freight rates and continuing fleet growth, Drewry believes that excess vessel supply will reduce only gradually with the recovery in rates pushed back to the latter part of next year, according to Drewry’s latest LNG Forecaster.
Advisory services for the gas shipping sector

Advisory services for the gas shipping sector

We offer specialist advisory services to support your operational, planning, strategic and investment needs. As well as operational and technical due diligence services we also conduct bespoke market analysis, financial modelling and feasibility studies to support the commercial and strategic objectives of owners and operators, government agencies, lenders and investors with interests in the sector.