Houston-Japan VLGC freight rates reach multi-year high amid Panama Canal-related delays
September 21, 2023 Comments Off
VLGC freight rates from Houston to Chiba, Japan, reached $245/mt Sept. 21 for the first time since 2015, according to LPG shipping sources. VLGC rates reached that level during a time when prices have been pressured due to a widening Houston-Asia arbitrage and an ongoing backlog of vessels looking to pass the Panama Canal, LPG shipping sources said. Houston to…
Houston-Japan VLGC freight rates reach multi-year high amid Panama Canal-related delays
VLGC freight rates from Houston to Chiba, Japan, reached $245/mt Sept. 21 for the first time since 2015, according to LPG shipping sources. VLGC rates reached that level during a time when prices have been pressured due to a widening Houston-Asia arbitrage and an ongoing backlog of vessels looking to pass the Panama Canal, LPG shipping sources said. Houston to…
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