Drewry Shipping Consultants says that a sharp rise in LPG demand is fuelling an order frenzy for very large gas carriers (VLGCs).
International shipping consultancy, Drewry, says that continuing weak demand and excess tonnage will depress LNG shipping earnings in the short term.
The LNG market is on rocky ground, according to Drewry Maritime Research, as its latest LNG freight index remains unchanged despite a rise in LNG enquiries.
Drewry, specialist advisory organisation for the maritime sector, has warned that although LNG freight rates strengthened in December, the agony of the second half of 2012 with regards to the rising cost of LNG is set to continue.
Drewry Shipping Consultants, the world’s leading maritime consultants, in its latest Container Forecast.’ Concludes that 2009 will be the toughest test yet for the Container industry and further casualties are a real possibility.
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