Splash Extra: VLGC spot rates quadruple since February

Splash Extra: VLGC spot rates quadruple since February

Spot rates for VLGCs have more than quadrupled since February making the large LPG shipping segment the hottest sector in shipping, according to analysis on the cover of the latest issue of Splash Extra.

The monthly subscription title, priced for as little as $100 a year, features the thoughts of leading gas shipping experts who debate how long the VLGC bull run can last.

Contacted by Splash today, a spokesperson for BW LPG, the world’s largest owner of VLGCs, said, “In the short term, we expect continued high US LPG exports to continue supporting the rates together with incremental export volumes being added from other key loading areas such as Australia, US East Coast and Canada. However, increased demand for VLGCs from growing US exports will in part be offset by a high level of newbuild deliveries.”

Elsewhere in the April issue of Splash Extra, we carry an in-depth feature on the characteristics needed to be a successful c-suite shipowner in today’s rapidly changing shipping industry with input from leading maritime HR specialists such as Spinnaker Global, Faststream and Halcyon Recruitment.

New York correspondent Greg Miller ponders how the escalating use of Chinese sale and leasebacks by US-listed shipowners could play out in the years ahead while this month’s sit-down interview is with Ioannis Martinos who discusses how artificial intelligence is changing the chartering game.

Splash Extra is available exclusively by subscription. The publication comes out on the final Wednesday of every month and features unrivalled markets data and insight you will not see anywhere else. Previous issues can be accessed at www.splashextra.com.

To subscribe to Splash Extra for just $100 annually for a single user click here.

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