The onset of the USTR’s port fees on China-operated vessels looks set to widen benchmark BLPG 3 and BLPG 1 VLGC freight rates past year-ago levels.
This very big picture piece is summarising key insights from our recent events across crude, products, LPG, LNG and the related shipping markets.
China’s onshore crude inventories reached all-time highs in August, raising the question of whether another wave of stockpiling is on the horizon.
As Russia diesel exports remain constrained, and the January EU ban on Russia-derived products adds uncertainty, alternative supplies will have to kick in.
The onset of the USTR’s port fees on China-operated vessels looks set to widen benchmark BLPG 3 and BLPG 1 VLGC freight rates past year-ago levels.
This very big picture piece is summarising key insights from our recent events across crude, products, LPG, LNG and the related shipping markets.
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