Panama Canal normalisation main cause of VLGC spot-rate softness, says Dorian chief
Lack of inefficiencies is primary reason VLGCs have not captured normal share of US-Asia propane price arbitrage
Dorian LPG chief John Hadjipateras says the recent softness in VLGC rates is largely because the global fleet is running efficiently following normalisation in the Panama Canal. But he is optimistic that the canal could soon become inefficient again for VLGCs, while planned US terminal expansions will support VLGCs in the medium term
