According to Erik Nikolai Stavseth of Arctic Securities daily levels have been hovering around the $77,000 mark for the past three days.
In a note to clients the forecaster pointed out that rates have been sliding gradually from a peak of $120,000 per day in mid-July and bottomed out at around $65,000 last week.
“The high volatility indicates a tight market balance, and we expect VLGC freight rates to remain firm going forward, despite a seasonally weaker period,” he continued.
Another
