USTR Fees — LPG Shipping

Chimerica: Assessing the Risks of select LPG & Petrochemical Shipping Stocks

This is the 5th article in a series about how proposed US Trade Representative port fees may affect public shipping companies.

If you have not yet, I recommend you read the previous articles: “Who Will Be Hit Hardest?” (container liners, car carriers) — “Product Tankers” — “USTR Timeline” and “Crude Tankers”.

Today I decided to focus on LPG shipping because I suspect that today’s tariff news will affect those exports, which the Trump administration says it wants to boost as a way of lowering the US trade deficit.

Although increased LNG exports have been the central focus of US bilateral trade negotiations with partners such as India, Japan, Korea, and even the EU, LPG and other petrochemicals will likely also be directly affected by US policy — not to mention by retaliatory measures by key importers such as China.

While we wait for the tariff announcement, we can analyze how USTR port fees would affect the main public companies carrying LPG and petrochemicals.

This article will focus on:

• Dorian LPG, ticker LPG

• BW LPG, i.e. BWLP

• Navigator Gas, i.e. NVGS

• StealthGas, i.e. GASS