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International Tankers and Gas LPG

Gas carrier rates fall seen as ‘temporary setback’

Freight costs plunge 37% in six weeks on benchmark route to Japan for ships carrying propane and butane

  • Analysis

An oversupply of vessels amid fewer cargoes as gas prices rise stifles rates which Cleaves estimate will surge in 2022 and potentially exceed $100,000 per day

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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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