Rates fall as LPG market continues its big freeze

Martyn Wingrove - Tuesday 2 February 2010

OWNERS of very large gas carriers positioned in the Middle East face another month of idle time and falling spot rates for shipments to Asia due to the drop in liquefied petroleum gas prices in Japan, writes Martyn Wingrove .

More than 20 VLGCs would be available to load propane or butane in the Middle East, including 10 promptly moored off Fujair...