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日本海事新聞ニュース Japan Maritime Daily Aug 13, 2025 (Wed)

‌【Market2025】VLGC Market Continues to Soar above $72,700 due to Congestion in Panama and India

 Spot freight rates for 80,000 cubic meter-class VLGCs (Very Large LPG Carriers) transporting LPG (l ・・・ %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.+The+freight+rate+for+the+Middle+East-Far+East+route+on+August+11+was+%2489+per+ton%2C+up+%244+from+the+previous+week.+The+time+charter+equivalent+earnings+are+%2472%2C700%2C+nearly+three+times+the+standard+break-even+point.+With+the+deadline+for+tariff+negotiations+between+the+United+States+and+other+countries+in+the+world+in+early+to+mid-August+approaching%2C+congestion+at+the+Panama+Canal+is+worsening%2C+and+it+is+increasingly+congested+at+import+ports+in+India%2C+tightening+the+VLGC+supply+and+demand+situation.+%3Cbr%3E%E3%80%80%E2%80%9CThe+long-distance+trade+from+the+Gulf+of+Mexico+to+Asia+via+the+Cape+of+Good+Hope+continues+to+tighten+the+supply+and+demand+for+tonnage%2C+while+congestion+in+the+Panama+Canal+and+congestion+at+Indian+ports+also+appear+to+be+pushing+up+freight+rates.%E2%80%9C+%3Cbr%3E%E3%80%80This+is+how+Chisato+Kashiwabara%2C+LPG+team+leader+at+Rim+Intelligence%2C+an+energy+price+evaluation+company+based+in+Chuo+Ward%2C+Tokyo%2C+analyzes+the+current+VLGC+market.+%3Cbr%3E%E3%80%80The+Panama+Canal+is+currently+experiencing+congestion+with+various+types+of+ships%2C+including+container+ships.+The+background+to+this+is+that+there+was+a+rush+of+import+and+export+transactions+ahead+of+the+US+tariff+hike+in+early+to+mid-August%2C+which+increased+demand+for+shipping+through+the+Panama+Canal.+In+some+cases%2C+ships+are+forced+to+wait+for+up+to+six+days.+%3Cbr%3E%E3%80%80Meanwhile%2C+in+India%2C+strong+demand+for+LPG+imports+has+resulted+in+a+shortage+of+storage+tank+capacity+around+ports%2C+causing+delays+to+VLGC+unloading+schedules.+%3Cbr%3E%E3%80%80A+series+of+delays+and+congestion+have+led+to+reduced+vessel+utilization%2C+resulting+in+fewer+VLGC+relets+from+LPG+importers+and+traders+in+the+spot+charter+market%2C+putting+upward+pressure+on+freight+rates.+%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%81%93%E3%81%AE%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%81%8C%E3%80%81%E8%87%AA%E5%8B%95%E7%9A%84%E3%81%8B%E3%81%A4%E6%A9%9F%E6%A2%B0%E7%9A%84%E3%81%AB%E6%83%85%E5%A0%B1%E3%82%92%E8%AA%8D%E8%AD%98%E3%83%BB%E5%88%86%E6%9E%90%E3%81%97%E3%81%A6%E7%B5%90%E6%9E%9C%E3%82%92%E5%87%B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