‘How it should be’: Oystein Kalleklev says VLGC rates moving into LNG carrier territory

Gas shipping executive Oystein Kalleklev says record VLGC earnings are now up where they belong.

The chief executive of John Fredriksen-backed VLGC owner Avance Gas and LNG carrier company Flex LNG told TradeWinds that spot rates are “getting to LNG carrier levels”, and “That’s how it should be.”

Record level of Indian deals pushes VLGCs into new territory at $172,000

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Kalleklev pointed out that the arbitrage between the West and Asia is $330 per tonne.