The VLCC market in 2025 is expected to be influenced by both positive and negative factors. While robust LPG trade will support demand, an ample supply of vessels may lead to lower freight rates compared to 2024. Despite fewer vessel deliveries, the overall supply of vessels will remain high, limiting potential rate increases, reports Drewry.
Petchem Demand Recovery DelayedThe recovery in petrochemical demand has been delayed due to persistent negative margins and poor economics. Geopolitical...