Energy shipping boom: Propane tankers breach $100,000 a day

Fossil-fuel shipping is going from strength to strength and shows no signs of peaking. Rates for some very large gas carriers (VLGCs) have now topped $100,000 per day. Liquified natural gas (LNG) carriers crossed into six-digit territory months ago. The most fuel-efficient very large crude carriers (VLCCs) have now crossed that threshold as well.

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