The steep fall in VLGC spot rates has continued this week as the Asia market stayed quiet.
The Baltic Exchange's VLGC index was down 12.6% from the day before and off 49% from a month ago at $25.71 per tonne or $12,503 per day.
The Asian VLGC market has remained inactive bar a few companies testing the market for freight ideas for early July loadings in the Middle East, said investment bank Fearnley Securities.
