Most LPG shipping stocks corrected as much as 30% from their 52-week highs at the end of August 2021. Rapid ordering so far in 2021 will likely lead to supply outgrowing demand over the next few years. New orders stood at 52 VLGCs or 4,638 kcbm in August 2021 up from 7 VLGCs or 594 cbm in August 2020. While these vessels will be delivered during 2021-23, the corresponding demand during this period is expected to be much lower, thereby impacting the overall vessel earnings.
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