Following International Energy Week in London, both vessel owners and brokers point to continued strength in the VLGC market, underpinned by robust LPG export growth and firm import demand. BW LPG chief executive Kristian Sørensen highlighted rising US and Middle East volumes alongside strong buying from India and Indonesia, describing the underlying commodity story as supportive of sustained vessel utilisation and cash generation.

Broker assessments broadly reinforce the constructive outlook. SSY, one of the world’s largest shipbrokers, notes that tonne mile demand has recently outpaced fleet growth, tightening supply demand balances, while Fearnleys continues to highlight tight vessel availability. At the same time, newbuilding activity is increasingly centred on ammonia-capable VLAC designs, signalling a structural shift in fleet composition ahead of expected ammonia trade growth. Overall, the combination of expanding long haul flows and supportive arbitrage economics is expected to keep VLGC earnings well underpinned.