S&P Global Platts: Persian Gulf-Japan VLGC rates soar to highest in nearly 2 years, with more upside seen

Shantanu Bhushan, senior consultant with Poten & Partners LPG/NGL Consulting said the trend upwards in freight rates over recent months had “been influenced by a tight November vessel position list in the [Persian Gulf], coupled with healthy volume of fixtures — 31 reported in September and 27 in October from the region.”

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