VLGC Spot Rates Hit 5-Year High Amounting To $100,000/day

Spot rates for VLGCs are on the cusp of hitting $100,000 a day, having hit highs in recent days not seen since August 2015, reports Splash247.

Rates for large LPG carriers are now in the region of $90,000 a day, having been on a steep charge from last month. In terms of dollars per tonne, VLGCs are commanding in excess of $95 per tonne.

“With tonnage supply still extremely tight in both hemispheres, we wouldn’t be surprised if we see triple-digits $/t before Christmas,”...

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