Cleaves Securities believes LPG and LNG carriers face starkly contrasting prospects despite both sectors suffering an "unprecedented collapse" in rates since the start of the year.
Although there has been some activity from the Middle East Gulf, VLGC rates fell another 37% to $4,000 per day on Monday, the Norwegian investment bank said.
From the the US Gulf, activity remains limited in the face of a healthy tonnage list, the company added.
