I’m really enjoying looking in on the LPG market from the perimeter fence for once, and there’s no bigger question on my mind than, when? The “when” relates to when are we going to see somebody in the LPG shipping market really break the new building ice, not just crack it in a couple of places. The gauntlet has been thrown down, but will anyone pick it up?
I used to love the logistical side of LPG trading, fascinated by how many different types of cargo an LPG vessel could actually carry. Of course, there are different types and sizes of LPG vessels, from smaller pressurised to semi-refrigerated of different sizes, semi-refrigerated generally bigger than pressure ships, but not as big as fully refrigerated vessels, that go all the way up to Very Large Gas Carriers (VLGCs).