03.06.2019 kl 19:01 1134
LPG Carriers: VLGC spot rates reached 3y-highs on Friday at $53k/d, spurred on by a myriad of cargoes ex US and AG. Following up on last weeks’ Charts of the Week, the US/FE LPG price differential has widened even further. Now supportive of theoretical VLGC rates of $115k/d, the highest level since 2014 when spot rates where north of $100k/d. Given the LPG arbitrage and lack of trader relets, the spot market is firmly on owner’s hands.
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