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Asia-Pacific LNG shipping rates have eased from record highs as Asian spot LNG demand has softened due to moderate weather, healthy inventories at North Asian terminals and high spot prices that are keeping most end-users on the sidelines. The S&P Global Platts LNG shipping rates fell to $285,000/day from a record high $320,000/day at end-November, ...
First VLGC powered by LPG headed from US toward Panama Canal: Platts cFlow The first VLGC powered by liquefied petroleum gas was headed toward the Panama Canal Dec. 17 after loading at Enterprise Products Partners’ hydrocarbon terminal on the Houston Ship Channel, Platts trade flow software cFlow showed. Already the world’s largest propane exporter, Enterprise’s achievement provides another demand source for US shale supplies by allowing large vessels to refuel with LPG at the loading dock instead of making an additional stop at a bunkering facility. Amid the global energy transition to...