Lloyd’s List: VLGCs Fail to Fire as Sector Flops

“Lloyd’s List reported that “in the first six months of this year, VLGCs have earned less than their smaller brethren in the large and mid-sized segments spanning vessels of 20,000 cu m-60,000 cu m, while freight rates for small and handysizes have remained enviably firm.” Relying on estimates for LPG trade growth through 2011, Lloyd’s List reported that Poten anticipates demand growth of 50 VLGCs between 2007 and 2011.”