Singapore's BW LPG is expecting healthy VLGC rates to continue into 2022, but there is a cloud on the horizon.
The shipowner remains optimistic for the rest of 2021, with freight levels expected to average above cash breakeven.
"We believe the VLGC market in 2022 will continue to be supported by growing US LPG exports, recovering productions from the Middle East, continued strong and stable end user demand, and increasing shipping inefficiencies especially at the Panama Canal," the company said.
