LGC

The LGC marked followed the movements in the VLGC market, experiencing a crash in rates that led to a new record low time charter equivalent in September.  Most of the vessels were employed in the time charter market, only 2 vessels were reported in the spot market at the end of the year. Over the year, the majority was trading LPG (only ~30 % Ammonia).

Two vessels were added to the LGC fleet ( Latsco), now counting a total of 24 vessels. No vessels were scrapped and the orderbook remains empty for the time being.

With most of the vessels trading LPG at year end, the market remains strongly related to the VLGC market, thus expecting no major improvements for 2017.

To Semi-Ref/Ethylene

 

LGC Rates

LGC Fleet