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Rates for the largest gas vessels surpass USD 100,000 per day

Many gas ship operators only need rates of USD 20,000 per day to cover their costs, but in the past month, rates have hovered steadily at around USD 100,000 per day. BW LPG chief exec sees strong chances of this continuing a while into 2021.

Photo: PR/BW LPG

The market for the largest gas vessels, VLGC, is on fire, with rates that have in the past months surpassed USD 100,000 per day, reports Finansavisen.

The booming market benefits the coffers of gas ship operators such as Avance Gas and BW LPG, which only need rates of around USD 20,000 per day to cover their costs.

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