VLGC rates keep falling, but opinions differ as to the culprit.
Rates for the large LPG carriers slipped again on Thursday, with Jefferies reporting the market average at $25,000 per day, down considerably lower than day-over-day and week-over-week.
Some have blamed the lull in rates on terminal fees eating into freight earnings, but Jefferies analyst Omar Nokta said those arguments were “misconstrued”.
