LPG in World Markets
Following a year of robust activity in the sale and purchase (S&P) market in 2018, with 20 concluded deals, only eight VLGCs changed hands in 2019. 2020 appears to be another lean year with eight more VLGCs changing hands between Jan and Nov of 2020, according to Poten’s S&P database. Many sales occur for reasons such as strategic entry or exit into the market, technological advancements, or changes in regulations. VLGC resale activity is also associated to a large extent with the segment’s earnings as well as the near-to-medium term freight outlook.
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