Shipping executives see tailwinds supporting LPG
Tonne-mile demand has strengthened due to LPG exports shifting from Russia to the Middle East, while growing European demand for alternative fuels amidst soaring energy prices has also buoyed demand for LPG and increased fleet utilisation
Executives are bullish on the versatile gas’ future given Europe’s energy crises and the shunning of Russian cargoes and say mitigating factors can offset a thick orderbook in 2023