Very large gas carrier (VLGC) spot rates have slid to their lowest level in more than six years amid weak activity in eastern markets and a slimming US Gulf Coast premium.
The Baltic Exchange LPG Index approached $26 per metric tonne Monday, which was a 2.5% decline for the day and a 14.8% slump so far this month. The index focuses on the Middle East-to-Japan route.
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