VLGC rates rebound after hitting floor as shipowners hold ground

Very Large Gas Carrier rates on the key Persian Gulf-Japan route reached near 35-month lows around $31.50/mt Feb. 2-5 before rebounding, as owners resisted chartering out spot ships at levels deemed below breakeven, shipping sources said. VLGC freight was seen rising toward $40.50/mt Feb. 7 as a fixture was reported in the high-$30s on the …

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