Vitol and Eneos Globe have overcome shipowners' reticence to lock in VLGC tonnage in the low-rate environment by signing one-year charters.

South Korea’s KSS Line has fixed the 84,000-cbm Gas Summit (built 2014) to Geneva-headquartered trader Vitol, according to European shipbrokers.

The rate is likely some $550,000 per month, in line with spot rates that are hovering between $500,000 and $550,000 per month.