Avance Gas sees US-Asia LPG arbitrage improvement
The US-Asia arbitrage in the liquefied petroleum gas segment looks open once again, which has led to higher freight rates in the third quarter of the year, according to Avance Gas
Asian demand for LPG is normalising, which, combined with low US prices, is leading to an improving arbitrage, says Avance Gas. Combined with that, low fleet capacity is resulting in higher freight rates, but volatility will persist
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