Spot earnings for VLGCs have risen by more than 20% since drone attacks on oil facilities wiped out a large chunk of Saudi Arabia’s LPG production on 14 September.
According to Arctic Securities assessments, VLGC earnings reached $56,789 per day as of Wednesday, up from the pre-attack level of $46,420 per day.
VLGC rates for the Middle East-Japan route were assessed by the Baltic Exchange at $66.6
