According to an assessment issued by the Baltic Exchange tonnage trading between the Arabian Gulf and Japan is commanding premiums of around $100,800 per day on average.
In a daily market briefing Omar Nokta of Global Hunter Securities pointed out that VLGC rates started setting new records last week when levels topped $75,000, the previous all-time high.
As TradeWinds reported yesterday, analysts at RS Platou Markets believe the boom “is likely to last a while longer”.
