TOKYO -- Shipping rates for Asia-bound liquefied petroleum gas have plummeted in 2024, touching a nearly three-year low, as higher prices for U.S. propane have sapped demand for the fuel.
Transportation
Asian imports of U.S. LPG fall, dragging down shipping rates
Higher prices of American propane have sunk demand in Japan and China
Freight rates for very large gas carriers that transport liquefied petroleum gas have dropped by 60% since the end of 2023. (Iino Kaiun)
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