Epic Gas warns LPG market recovery will be shortlived
A profitable first quarter of the year may not be a good litmus test for the future direction of the LPG market. Although LPG seaborne trade is still expected to grow in 2020, the coronavirus hit on economies and accompanying low oil prices has led to a change in Epic Gas’ expectations for the ongoing market recovery
The small LPG vessels specialist saw profits rise in the first quarter but sees tougher times ahead
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