VLGC rates firm up amid Saudi supply worries
Freight rates for very large gas carriers have improved as compared to the previous weeks as the short term uncertainty has allowed owners to take advantage of the tight supply situation and charge a premium. Any disruption is likely to be short-lived however, as Saudi Aramco is reported to restore production fully by the end of the month
A number of shipments have been cancelled and many have deferred loadings as Saudi Arabia announced acceptances later than expected, on Wednesday, a broker said
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