VLGC supply-demand balance recovery ‘a year away’
Forecasting healthy longhaul trades from the US to Far East Asia against a backdrop of many vessels being out of the trading fleet owing to special surveys and retrofitting, Poten & Partners believes the second half of 2021 will be better than the current year
The key to short term supply-demand balance, however, will be crew repatriations. This involves diverting vessels to ports that enable crew changes