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Tankers and Gas China United States

VLGC win streak continues as geopolitics pumps up rates yet again

  • VLGC fixture activity slowed before US-China meeting in Korea; now that trade deal is done, market is playing catch-up
  • Current spot rates out of both US Gulf and Middle East Gulf are around double levels at this time last year
  • Pause in Chinese port fees removes uncertainty over exposure of US-listed VLGC owner Dorian LPG

  • Analysis

No matter what happens in the next two months, 2025 will go into the books as a very good year for VLGCs. Rates in November have started out strong, buoyed by the positive outcome from the US-China trade negotiations

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    This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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