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VLGC spot earnings fall 26% in a week

Very large gas carrier earnings drop further this week as US-Asia arbitrage fails to open, which exacerbated the excessive tonnage situation. At the same time, the Chinese New Year holiday has put a halt to fixing spot cargoes

A six-month time charter with further options and an Angolan tender for the second half of March should help revive some shipping interest, according to Gibson Gas

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