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23Q1 LNGC and VLGC Reports Available

March 13, 2023 1 min
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Q1 2023 LNGC and VLGC reports released. LNGC spot rates hit $400k+/day in Oct-Nov 2022. VLGC reached $100k/day at peak. Full year 2022 VLGC rates up 50%+ vs 2021. Both rates expected to remain relatively attractive.

Marsoft's Q1 2023 LNGC and VLGC reports are now available.

Key Highlights:

LNGC spot rates saw spectacular gains in October and November, with rates skyrocketing to more than $400,000 per day before declining in subsequent months. Similarly, VLGC rates experienced volatility, reaching $100,000 per day during peak periods.

For the full year 2022, VLGC rates demonstrated significant appreciation, up by more than 50% compared to 2021.

Forward Outlook:

Over the coming 12 months, both LNGC and VLGC rates are anticipated to remain relatively attractive, suggesting sustained market opportunity for these vessel types.

The reports provide comprehensive five-year projections and fundamental market analysis for stakeholders in the gas carrier industry.

Key Insights

  • LNGC rates hit $400k+/day in Oct-Nov 2022
  • VLGC rates reached $100k/day at peak
  • 2022 VLGC rates up 50%+ vs 2021
  • Both rates expected to remain attractive
  • Five-year projections included
LNGCVLGCGas carriersSpot ratesQuarterly reportsMarket outlook
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