VLGC rates top $100 per tonne

Rates to haul LPG on very large gas carriers (VLGCs) have exceeded USD100 per tonne as most of the available ships for May loading have been snapped up.
The Baltic Exchange assessed the benchmark Gulf-Asia Pacific route at USD100.25/tonne on 5 May, up from USD97.313/tonne on 28 April.
At current

Tankers defy newbuildings order plunge

Newbuilding orders for all types of ships were down year on year (y/y) in March, except for tankers.
Figures compiled by Greek broker Golden Destiny showed that 46 tankers were ordered in March, up from 29 tankers in February and the 38 tankers ordered in March 2014.
In particular, Suezmax tanker