Tankers stayed strong this week, supported by firm earnings and healthy demand as supply adjustments from OPEC+ continue to shape trading activity. Sentiment remains positive, with improved utilization across key routes.

LPG market maintains momentum
LPG activity remained firm over the past week, with VLGC rates holding at elevated levels despite some fluctuations in trading flows. Continued demand for US and Middle East exports is underpinning freight strength, while gradual adjustments in trade patterns are helping to balance supply and demand, supporting a more optimistic outlook.

Car carriers: stable fundamentals
The car carrier market continues to demonstrate resilience, with stable rate levels and ongoing demand from global trade flows. Long-term fundamentals remain intact as operators expand their service offerings. While the PCTC market is coming off its peak, the market is expected to remain solid as fleet employment is high and rates are robust.