TOKYO -- The cost of shipping liquefied petroleum gas (LPG) has reached the highest level in over a year after Chinese tariffs on American LPG increased demand for long-haul carriers.
Transportation
Asia-bound LPG freight rates rise on trade, Middle East tensions
US-China tariff war has shifted carriers to longer, less efficient routes
Freight rates on very large LPG carriers between the Middle East and Far East hit the highest level in over a year on Monday. (Photo obtained by Nikkei)
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