Norway’s Gersemi Asset Management (GAM) believes a buoyant large gas carrier market has the potential to hit huge new highs this year.
Joakim Hannisdahl’s investment fund argues the pricing differential inherent in moving gas from the US to Asia could theoretically lead to VLGC spot rates of $132,000 per day.
This price gap has in recent years correlated very well with spot rates from the US Gulf, Hannisdahl said.
