Trade war re-routing lifts VLGC market as Dorian LPG eyes ‘healthy’ 2025

After violent shifts in sentiment caused by global trade wars and a spell of extreme cold in the US earlier this year, VLGC markets may be heading for calmer waters at higher levels going forward.

“We believe that increased production in the US and the Middle East and US terminal expansion, combined with just nine newbuildings for the rest of the year, will support a balanced freight market and healthy earnings for 2025,” Dorian LPG chief executive officer John Hadjipateras told analysts in a conference call.