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Off-season is not weak, VLGC six-figure rent is close at hand
Published:2015-03-17 16:16:25    Text Size:【BIG】【MEDIUM】【SMALL

VLGC (vlsi) gas carrier.the rent "off-season not light" at sight, on Friday was already close to $100000 per day.

According to Capital clarkson (Clarksons Capital Markets), according to the east bay in the east route of the rent has risen to $97100 / day, up from $92700 / day of the week before.

At this point, the route so far this year, the average rent has reached us $78000 / day, higher than the same period in 2014 of $27000 / day.

Northern Securities (Arctic Securities) analyst Erik Nikolai Stavseth wrote in to customer presentation, "although the march has always been regarded as the traditional off-season, but over the past few weeks VLGC continue to impact on the rental market."

He explains, "although the march and April has always been relatively weak, but with the increase of U.S. exports, shipping requirements, and related rent all get a boost."

"Now owners all earn ‘rich’, but their share prices are lower than the net asset value, suggesting that ripe for investment."

At the same time, the world’s largest VLGC shipowners BW LPG’s shares fell 1.14%, to 65.1 Norwegian kroner, but it still receive a 25% gain in the year to date.

Avance Gas rose 2.13%, to 120 Norwegian kroner per share.It was consistent with BW LPG is almost higher for the year.

Aurora LPG remain in the level of the Norwegian krone, 51.5 a share this year so far has been relatively stable.

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