Rates for very large gas carriers (VLGC) could remain near seven-year lows as an ongoing supply glut and a lack of LPG trading opportunities persist into next year, according to consultancy Drewry. It adds that VLGC scrapping will remain rare due to the young age of the fleet.
Researcher Shresth Sharma says 64 additional ships are due for delivery next year, adding up to fleet growth of 12% in 2017.
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