Freight rates buoyed by winter demand, port delays

November 2021

LPG in World Markets

VLGC freight rates increased in October as chartering activity picked up during the second half of the month driven by wider arbitrage between the US and Asia and increased buying interest from Asian players ahead of the peak winter season. In addition, logistical constraints tightened the VLGC supply and demand balance, lending support to spot freight rates for both US Gulf and Middle East loadings.

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