Exmar increases LPG spot exposure as market rises

Belgian owner Exmar is boosting its spot exposure to take advantage of booming LPG carrier rates.

The company said the sector has "significantly improved" over the last few months.

VLGC earnings were hovering around $50,000 per day for September, compared to an average of $30,000 per day for the first half of 2019.

The midsize market is following a similar trend, it added.