Strait of Hormuz update: VLGCs ballasting from Gulf of Oman; Asian petchem receives a serious blow

Drewry AIS showcases several VLGCs that reached or were idling in the Gulf of Oman have altered course towards the USGC as buyers scramble to procure alternative cargoes for the disrupted Middle Eastern LPG supplies. A series of force majeures in the Asian petchem sector are creating serious concerns for the petchem industry and shipping …

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