Project Description
As winter became colder LNG and LPG were the shining stars in the later part of 2023. The LNG market came back strongly in Asia after a slump, but there is also elevated demand in Europe.
Oil prices have been getting lower in the last few months which may have contributed towards more stable demand. Most of the increases have been outside China for the remaining part of 2023.
Vegetable oil has had strong seasonal growth in the last quarter. Palm oil trade has particularly been doing well with 7% growth in November but down a bit compared to this time last year. Chemical Tankers have also done well. The best performers have been Sulphuric Acid and Methanol.