VLGC spot rates firming on Harvey outage

gas

Major US Gulf Coast LPG terminals still inaccessible, but some movement hoped for over weekend.

Spot
rates
for
VLGCs
in
the
US
Gulf
Coast
were
firmer
toward
the
end
of
the
week
as
charterers
sought
out
available
ships
in
anticipation
of
exports
starting
again.

Hurricane
Harvey
has
halted
all
LPG
cargo
activity
out
of
the
Texas
coast
since
last
Friday.
Pareto
analysts
say
about
500,000
metric
tonnes
of
LPG
were
delayed
by
the
storm.

Brokers
say
that
works
out
to
between
10
and
12
VLGC
cargoes
facing
delays.

The
result
has
been
a
back-up

Importing and managing the logistics of your precious freight is no easy task. Compliance to U.S. Customs & Border Patrol is essential to your cargo clearing customs. Use a freight forwarder to lower your chances of having shipment delays and to oversee all of your international freight logistics. Contact a customs broker to file your ISF and issue any pre-alerts to avoid penalties and delays, and arrange your ocean freight and imports customs clearance.



Michael Angell

2 thoughts on “VLGC spot rates firming on Harvey outage

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