Houston-Japan VLGC freight rates reach multi-year high amid Panama Canal-related delays

Capt. John

VLGC freight rates from Houston to Chiba, Japan, reached $245/mt Sept. 21 for the first time since 2015, according to LPG shipping sources. VLGC rates reached that level during a time when prices have been pressured due to a widening Houston-Asia arbitrage and an ongoing backlog of vessels looking...

https://www.spglobal.com/platts/en/market-insights/latest-news/oil/092123-houston-japan-vlgc-freight-rates-reach-multi-year-high-amid-panama-canal-related-delays

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