Bigger LPG carriers could struggle to maintain recent strong rates from the fourth quarter as fleet growth outstrips an upturn in trade.
But smaller sizes should remain stable, with some support coming from the ammonia business, according to UK valuation platform VesselsValue and Norwegian shipping research company ViaMar.
In their fourth quarter market forecast, the companies predicted that, as Opec+ production cuts are reversed, Middle East exports are set to increase.
