VLGCs in flux as rate rout ends but uncertainty lingers
- Adversely impacted by tariffs and commodity price fluctuations, VLGCs cratered in the first half of last week but gained some ground in the second
- Baltic Exchange BLPG Index closed higher again on Monday, but recovery pace slowed
- Analysts diverge on what trade dislocations could mean for VLGC tonne-miles
- ‘Our Chinese customers have basically said to us “forget the US, we’re not interested; you need to source from somewhere else”,’ a commodities trader who requested to remain anonymous told Lloyd’s List
Very large gas carriers nosedived in the first half of last week but regained some ground since then. What happens next is the subject of much debate
