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Volatile VLGC rates spike 50% as owners ride spot market rollercoaster - TradeWinds

TradeWinds · last updated

Volatile VLGC rates spike 50% as owners ride spot market roller coaster | TradeWinds

The VLGC rate roller coaster is on the up once more as business is driven by more stable export conditions in the US.

The Baltic Exchange assessed Middle East Gulf to Asia spot rates at $39,500 per day, up 50% over the week.

Clarksons Securities said earnings had risen due to a surge in chartering activity after several weeks of low cargo volumes.

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