Two major VLGC players have locked vessels into period employment at a time shipowners are seeing some positive momentum in the market.
Michiel Rutten’s Transpetrol and trader and shipowner Petredec are the companies securing rare period employment.
Transpetrol’s 84,000-cbm Perseverance V (built 2015) has been taken by Geogas on a one-year time charter, brokers say.
