Very Large Gas Carrier, or VLGC, rates are set to rally further in the near term, as more vessels are diverted to the US amid an active May-lifting program, trade and shipping sources told S&P Global Platts May 10.
Dry docking resultsDry docking of vessels since fourth-quarter 2020 are also slated to last through second-quarter this year, limiting available LPG fleet till at least end-June, they said.
“We are also starting to see the effect of the dry docking and also quite a few vessels are...
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