The July fixing window for VLGCs is looking tricky for shipowners as spot rates continue to fall.
Brokers have identified about 15 free LPG carriers constituting an "overhang" from June.
Cleaves Securities, an investment bank, assessed that rates are down 17% on the week at $9,600 per day, edging closer to operating cost levels of between $7,000 and $8,000.
