HAUKE KITE-POWELL SEES A REBOUND IN LNG TANKER AND LPG TANKER RATES
After sliding downward for much of the first half of 2020, rates in both the LNG tanker and LPG tanker markets are set to rebound in the second half of the year. Although trade was weakened in Q2 by Covid-19 slowdowns, Chinese LNG imports rebounded, and Europe continued to increase imports. In LPG, India's import demand has remained robust despite Covid restrictions, and rising naphtha prices are boosting LPG demand. A rising forward curve is likely to contribute to LNG tanker market recovery by encouraging short-term floating storage.
Detailed analysis and information are available in Marsoft's 2020Q2 LNG and LPG/VLGC tanker market reports.