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International Tankers and Gas Freight rates

VLGC rates steady despite Panama Canal rule change, fleet issues

Very large gas carriers are likely to benefit from Panama canal rule changes and heavy dry docking schedules which will drive freight rates up despite the decline in US LPG and a number of newbuild deliveries this year, according to Poten & Partners

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Vessels coming off service and going into the yard will continue to play a supportive role for freight rates as some 70 VLGCs still need to undergo dry dockings in the next 12 months, Poten forecasts

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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