LPG Market Not To Expect Fresh Newbuilds Despite VLGC Rate Spike

Freight may pause, but could extend rally through early 2021.
Positive COVID-19 vaccine news may prompt full LPG demand recovery.
US LPG exports will continue to expand market share and increase ton miles amid additional fleet through 2023.
The freight uptrend will be supported by Panama Canal congestion over the next two years.
BW LPG focuses on investing in existing fleet to boost technology, clean energy use.

VLGC rates on the key Persian Gulf-to-Japan route soared to its highest level in...