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International Tankers and Gas Middle East and Africa

Increased purchase trades cushion LPG decline

The increase in demand for liquefied petroleum gas in Asia has not managed to reverse the direction of rates on the Middle East Gulf-Japan route

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The increase in tenders for LPG was due to latent demand, coinciding with the availability of spot cargo supply from the Middle East and robust exports from the US. China, which has been opening up slowly from Covid lockdowns, has also helped to support demand

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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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