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Middle East and Africa US States China

Tariff worries drag VLGC rates to eight-month low

Beijing’s proposed 25% tariff on US propane is reportedly scaring Chinese firms away from US Gulf cargoes. This has made the oversupply of VLGCs worse as daily earnings fall below operating expenses amid rising bunker costs

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US-China trade war fears trigger counter-seasonal weakness in VLGC markets even before tariffs are imposed

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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