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日本海事新聞ニュース Japan Maritime Daily Jul 29, 2025 (Tue)

‌【Market2025】VLGC market continues to rise above $68,000

　Spot freight rates for 80,000 cubic meter-class VLGCs (Very Large LPG Carriers) transporting LPG (l ・・・続きはログインして下さいnext %E3%80%80Spot+freight+rates+for+80%2C000+cubic+meter-class+VLGCs+%28Very+Large+LPG+Carriers%29+transporting+LPG+%28liquefied+petroleum+gas%29+continue+to+rise.+On+July+25%2C+freight+rates+for+the+Middle+East-Far+East+route+were+%2485+per+ton%2C+up+%246+from+earlier+this+month.+The+time+charter+equivalent+earnings+remain+at+%2468%2C300%2C+more+than+double+the+standard+break-even+point.+Shipowners+are+increasingly+allocating+vessels+to+the+United+States%2C+where+it+is+profitable+to+operate.+There+is+also+some+increase+in+long-distance+trade+from+the+Gulf+of+Mexico+to+India+and+Southeast+Asia+via+the+Cape+of+Good+Hope%2C+resulting+in+a+tighter+supply+and+demand+for+tonnage.%3Cbr%3E%E3%80%80%E2%80%9CSome+traders+are+now+sending+VLGCs+with+propane+and+butane+from+the+US+to+India+and+Southeast+Asia+via+the+Cape+of+Good+Hope+in+an+attempt+to+find+buyers.%E2%80%9C%3Cbr%3E%E3%80%80That%E2%80%99s+how+Chisato+Kashiwabara%2C+LPG+team+leader+at+energy+price+evaluation+company+Rim+Intelligence+%28headquartered+in+Tokyo%29%2C+explains+the+current+trends+in+the+VLGC+market.%3Cbr%3E%E3%80%80While+freight+rates+remain+high%2C+LPG+prices+themselves+are+softening.+Besides+the+summer+being+a+period+of+low+demand%2C+the+uncertainty+surrounding+US-China+tariffs+appears+to+be+putting+a+brake+on+China%E2%80%99s+interest+in+purchasing.%3Cbr%3E%E3%80%80However%2C+this+decline+in+LPG+import+prices+has+increased+the+ability+of+shippers%2C+who+are+buyers%2C+to+cover+freight+costs%2C+which+appears+to+be+supporting+high+VLGC+market+prices.%3Cbr%3E%E3%80%80The+outcome+of+tariff+negotiations+between+the+US+and+China+will+hold+the+key+to+the+future+VLGC+market.%3Cbr%3E%E3%80%80In+mid-April%2C+China+decided+to+impose+a+125%25+tariff+on+US-produced+LPG.+A+significant+reduction+in+LPG+cargo+movements+between+the+United+States+and+China+was+expected%2C+but+an+agreement+reached+between+the+United+States+and+China+in+mid-May+resulted+in+a+reduction+in+the+tariff+rate+to+10%25+for+90+days.%3Cbr%3E%E3%80%80Current+LPG+trade+between+the+United+States+and+China%2C+based+on+arrival+in+China%2C+has+already+passed+mid-August%2C+when+the+90-day+grace+period+ends%2C+and+market+participants+are+continuing+to+trade+amid+uncertainty+over+tariffs.%3Cbr%3E%3Cbr%3E%3Cbr%3E%3Cbr%3EDisclaimer%3A+The+English+translations+provided+through+this+service+are+the+result+of+translations+made+by+The+Japan+Maritime+Daily+or+automatically+and+mechanically+translated+by+The+Japan+Maritime+Daily+using+an+automated+translation+system+provided+by+a+third+party+after+certain+processing+of+the+Japanese+content+licensed+by+the+third+party.+In+terms+of+the+English+translation%2C+The+Japan+Maritime+Daily+and+MarineNet+Co.%2C+Ltd.+make+no+warranty+or+burden+of+any+kind%2C+express+or+implied%2C+including+its+accuracy%2C+reliability%2C+validity+or+fitness+for+a+particular+purpose.+MarineNet+Users+should+fully+understand+that+this+service+uses+an+automated+translation+system+that+automatically+and+mechanically+recognizes+and+analyzes+information+and+produces+results.+The+users+should+understand+the+above+conditions+before+using+this+service.%3Cbr%3E%3Cbr%3E%E5%85%8D%E8%B2%AC%E4%BA%8B%E9%A0%85%EF%BC%9A%E3%81%93%E3%81%AE%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%82%92%E4%BB%8B%E3%81%97%E3%81%A6%E6%8F%90%E4%BE%9B%E3%81%95%E3%82%8C%E3%82%8B%E8%8B%B1%E8%A8%B3%E3%81%AF%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%81%8C%E4%BD%9C%E6%88%90%E3%81%99%E3%82%8B%E3%81%8B%E3%80%81%E5%8F%88%E3%81%AF%E3%80%81%E7%AC%AC%E4%B8%89%E8%80%85%E3%81%8B%E3%82%89%E4%BD%BF%E7%94%A8%E8%A8%B1%E8%AB%BE%E3%82%92%E5%8F%97%E3%81%91%E3%81%9F%E6%97%A5%E6%9C%AC%E8%AA%9E%E3%81%AE%E3%82%B3%E3%83%B3%E3%83%86%E3%83%B3%E3%83%84%E3%82%92%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%81%8C%E4%B8%80%E5%AE%9A%E3%81%AE%E5%87%A6%E7%90%86%E3%82%92%E8%A1%8C%E3%81%A3%E3%81%9F%E4%B8%8A%E3%81%A7%E3%80%81%E7%AC%AC%E4%B8%89%E8%80%85%E3%81%8C%E6%8F%90%E4%BE%9B%E3%81%99%E3%82%8B%E8%87%AA%E5%8B%95%E7%BF%BB%E8%A8%B3%E3%82%B7%E3%82%B9%E3%83%86%E3%83%A0%E3%82%92%E5%88%A9%E7%94%A8%E3%81%97%E3%81%A6%E8%87%AA%E5%8B%95%E7%9A%84%E3%83%BB%E6%A9%9F%E6%A2%B0%E7%9A%84%E3%81%AB%E7%BF%BB%E8%A8%B3%E3%81%97%E3%81%9F%E7%B5%90%E6%9E%9C%E3%81%A7%E3%81%82%E3%82%8A%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%80%81%E3%83%9E%E3%83%AA%E3%83%B3%E3%83%8D%E3%83%83%E3%83%88%E3%81%AF%E3%80%81%E5%BD%93%E8%A9%B2%E8%8B%B1%E8%A8%B3%E3%81%AB%E9%96%A2%E3%81%97%E3%81%A6%E3%80%81%E3%81%9D%E3%81%AE%E6%AD%A3%E7%A2%BA%E6%80%A7%E3%80%81%E4%BF%A1%E9%A0%BC%E6%80%A7%E3%80%81%E5%A6%A5%E5%BD%93%E6%80%A7%E5%8F%8A%E3%81%B3%E7%89%B9%E5%AE%9A%E7%9B%AE%E7%9A%84%E3%81%B8%E3%81%AE%E9%81%A9%E5%90%88%E6%80%A7%E3%82%92%E5%90%AB%E3%82%81%E3%80%81%E6%98%8E%E7%A4%BA%E5%8F%88%E3%81%AF%E9%BB%99%E7%A4%BA%E3%81%AB%E3%82%82%E3%80%81%E3%81%84%E3%81%8B%E3%81%AA%E3%82%8B%E4%BF%9D%E8%A8%BC%E3%82%82%E3%81%97%E3%81%BE%E3%81%9B%E3%82%93%E3%80%82%E3%83%9E%E3%83%AA%E3%83%B3%E3%83%8D%E3%83%83%E3%83%88%E3%83%A6%E3%83%BC%E3%82%B6%E3%83%BC%E3%81%AF%E3%80%81%E3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