VLGC rates for voyages from the Middle East Gulf to Asia strengthened as ships ballasted to the US Gulf Coast for cargoes.
The Baltic Exchange's LPG index rose from $25.167 per metric tonne to $28.67 by Thursday. On a time charter equivalent basis, VLGCs are earning a little bit more than $17,000 per day at the current rates.
A Clarksons report noted that "VLGCs are ending the week on a firmer note with the segment seeing a bump in activity to the Far East."
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