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LPG - Maritime Shipping Is The Best Post COVID-19 Opportunity
Dorian LPG Ltd.
Maritime Shipping: High Hopes into 2020
The majority of shipping stocks entered 2020 on a strong note. 2019 was one of the best years for freight rates we'd seen in the past decade and enthusiasm was high ahead of transformational IMO 2020 regulations. The global economy was also strong, led by an exceptionally strong US economy. We also were enjoying a rapid fade of the peak global trade tensions from 2017-2018 along with a 'Phase 1' US-China trade deal.
The IMO 2020 regulation in particular had the potential to be a supply/demand game-changer. This