Very Large Gas Carrier rates on the key Middle East-Japan route have touched near four-month highs around $79/mt this week and looked poised to surpass $80/mt for the first time since October 2015, reports S&P Global Platts.
As a result more ships head to North America and Northeast Europe to lift LPG amid Saudi supply concerns and growing demand in Asia, traders said.
Spot cargo scenarioTraders commented that India’s LPG imports have been rebounding steadily since stalling over July and August,...
http://mfame.guru/global-lng-supply-puts-vlgc-rates-close-to-four-year-highs/