Spot rates for VLGCs have moved up past $110,000 per day as vessel delays continued.

The Baltic Exchange's VLGC index closed at $118.7m per tonne on Friday, equating to $110,300 per day for owners and up 7% month-on-month.

Norwegian investment bank Fearnley Securities said scrubber-fitted ships are banking $114,000 per day.

In Asia, market attention is firmly on the next round of cargo acceptances in the wake of the announced Saudi oil output cut, Fearnley added.