Q2 rebound anticipated as arbitrage improves The VLGC market remains soft despite increased activity in the West. While a few more February deals are expected before the market transitions to March fixing, the position list for the remainder of February remains well-filled. According to Clarksons, earnings on the standard Houston-to-Chiba (Japan) route declined by 12% week-on-week, settling at approximately $30,000 daily. However, Fearnleys expects a rebound in Q2, projecting earnings to reach $40,000 daily, driven by a more favourable arbitrage, higher year-on-year export volumes, and seasonal demand trends. EMF - Maritime Finance

Opsving forventet i Q2 med bedre arbitragemuligheder

På trods af øget aktivitet i Vesten forbliver VLGC-markedet svagt. Selvom der forventes nogle få yderligere februar-ordrer, før markedet skifter til marts-bookinger, viser tonnageoversigten for resten af måneden stadig god plads.

Ifølge Clarksons faldt indtjeningen på den standardiserede Houston-til-Chiba (Japan) rute med 12% uge-for-uge og landede på cirka $30.000 dagligt. Dog forventer Fearnleys et opsving i Q2, hvor indtjeningen forventes at nå $40.000 dagligt, drevet af bedre arbitrage, øgede eksportvolumener og sæsonbestemt stigning i efterspørgsel.

Kilde: Clarksons Research and Fearnleys