Naphtha boon for LR tankers, bane for VLGCs

摘要

Long-range products tankers are prospering again as Saudi Aramco's LPG contract prices hit a seven-month high this month, while very large gas carrier rates are foundering. On 17 October, LR2 rates hit a new 2012 high of W108.23 or $13,091/day, while LR1 rates averaged W121 or$8,631/day. The 2012 high for LR1 rates wasW132.5.