Bottom is here and winter is coming for VLGCs: How hot will rates get?

VLGC spot rates appear to have reached the bottom of their summer slump, according to the majority of shipowners, analysts and shipbroking researchers polled by TradeWinds.

But the winter peak may not be as high as last year’s spike as the experts watch factors like US and Middle East exports, the number of Panama Canal transits available to VLGCs, geopolitical risks and Atlantic hurricane season.