According to an Argus Media report, arbitrage economics between the US and the Asia-Pacific region must remain attractive to support Very large gas carriers (VLGCs) freight rates at the higher levels recorded in the fourth quarter of this year.
The EIA has cut its 2021 forecast for domestic propane consumption to 870,000 b/d, from 920,000 b/d previously. Meanwhile, US production will rise to 5.27mn b/d in 2021, from 5.09mn b/d in 2020. This combination should constrain prices, supporting...
https://mfame.guru/us-asia-pacific-arbitrage-drives-vlgc-demand-rates/