Shipping markets held firm this week across the tanker, LPG, and PCTC segment, supported by solid fundamentals and constructive trade developments.

Tanker demand boosted by US export increase
Tanker rates remained steady this week, with Suezmax and Aframax segments maintaining solid earnings amid balanced supply and demand. Crude flows through key Atlantic and Middle East routes continued without disruption. In the United States, recent releases from the Strategic Petroleum Reserve have added to export volumes, while rising refinery margins are encouraging higher throughput. Together, these factors are supporting recent ongoing demand across the tanker segment.

VLGC demand rising; tonnage remains tight
The VLGC market continued its momentum this week, supported by firm US and Middle East export volumes and strong demand from Asia. Tonnage availability remains limited, reinforcing tightness in the spot market. In the Unites States, several major export terminal projects are progressing, with phased capacity increases expected from 2025 onward. This infrastructure expansion is expected to unlock additional cargo volumes and support long-term vessel utilisation.

PCTC outlook improves following tariff breakthrough
The PCTC segment saw improving sentiment this week following a political agreement to reduce US auto import tariffs from 27.5% to 15%. While the change has not yet taken legal effect, the announcement marks a step toward restoring more favourable trade conditions. Combined with steady EV export volumes and stable demand from Europe, the outlook for modern PCTC tonnage remains positive.