Very Large Gas Carrier freight rates on the Persian Gulf to Japan voyage surged to the highest level in more than nine months Nov. 26 at $73/mt, underpinned by strong shipping and LPG demand from China, Japan and South Korea during the winter seasonal peak, S&P Global Platts data showed. In addition, tonnage supply has …
The post Persian Gulf-Japan VLGC freight rate surges to 9-month high on robust demand first appeared on Hellenic Shipping News Worldwide.