The Gathering Storm

摘要

Market For two years industry observers have wondered when the gas shipping bubble was going to burst. As the global financial crisis deepens, it seems the time is coming closer. Back in the middle of 2008, the Bulletin was talking about unseasonably high freight rates for the summer because the limited numbers of VLGCs open in July were helping charterers to hike rates that broke all-time records. Just half a year later, those optimistic fundamentals have evaporated, leaving owners wondering where the next upturn is going to come from.