Analysts are predicting further falls for VLGC spot rates after daily earnings dropped back below cash break-even.
Cleaves Securities head of research Joakim Hannisdahl pegged rates at $17,000 per day on Friday last week, down 27% on the week, and well below break-even at $22,000 per day.
He said the LPG price differential between the US and Asia remains unsupportive for arbitrage opportunities.
