VLGC rates slip as LPG prices fall

After reaching over USD136/tonne on 3 July, rates to haul LPG on very large gas carriers (VLGCs) have been falling since 6 July.
As at 9 July, the Baltic Exchange assessed the rates on the benchmark Gulf-Asia Pacific route at USD133.313/tonne.
Despite lower freight rates, daily earnings are now

COSCOL predicts surge in 1H15 profit

Shanghai-listed COSCO Shipping (COSCOL), forecast that its profit would shoot up more than 33 times year on year (y/y) to CNY391.8 million (USD63.2 million) in the first half of 2015, owing to one-off investment gains and government subsidies.
During the first half of 2015, COSCOL, the special