Fleet scarcity to boost 2021 LPG freight rates

摘要

Nothing is certain in this world – and that goes for the liquefied petroleum gas shipping market, as well. This is what LPG brokers said when asked about the performance of the market in 2020, and whether the freight rates would improve in 2021. The LPG tanker segment has been a silver lining in the second half of 2020, mostly on the back of supply-side disruptions, including delays in the Panama Canal, deviation from the normal trade lane for crew changes, as well as longer discharge times in Asia, causing tight fleet capacity.