Persian Gulf-Japan VLGC rates soar to highest in nearly 2 years, with more upside seen
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Article by:
Ramthan Hussain -S&P Platts
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Date Published:
November 04, 2022
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Who was cited:
FGE
VLGC rates on the key Persian Gulf-Japan route extended a three-month rally to reach their highest for almost two years at $115.5/mt Nov. 3, with Middle East loading activity being driven by strong Asian demand, an active US market and a recovery in Australian exports since August.
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