VLGC rates rebound after hitting floor as shipowners hold ground

Capt. John

Very Large Gas Carrier rates on the key Persian Gulf-Japan route reached near 35-month lows around $31.50/mt Feb. 2-5 before rebounding, as owners resisted chartering out spot ships at levels deemed below breakeven, shipping sources said. VLGC freight was seen rising toward $40.50/mt Feb. 7 as a...

https://www.spglobal.com/platts/en/market-insights/latest-news/oil/020724-vlgc-rates-rebound-after-hitting-floor-as-shipowners-hold-ground

Leave a Comment

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon