BW LPG sees challenging market in 2021
Singapore-based BW LPG sees a weaker outlook for US liquefied petroleum gas supply coupled with a relatively high number of newbuild deliveries, which will put downward pressure on vessel utilisation in the coming year. However, freight rates will remain supported in the near term
In the medium term, there is downward pressure on US LPG supply following lower oil prices, the Oslo listed company said
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