Subscribe to RSS feedVLGC fleet is forecast to see 2011 recovery
by
Michelle Wiese Bockmann, London
—
last modified
Feb 25, 2010 02:50 PM
A MID-2011 recovery is forecast for the global fleet of very large gas carriers, after a catastrophic 15 months saw vessels idled and earnings well below operating costs over protracted periods.
DVB Bank’s market outlook for the gas carrier sub-sector said there would still be too many ships in the global fleet of 138 vessels to match supply this year.
But some 17.7m additional tonnes of export LPG was expected to...
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