VLGC rates retreat as bunker prices ease, but volatility a concern
Very Large Gas Carrier rates retreated from a near two-month high as bunker fuel costs eased, while LPG shipping fixtures slowed after a recent flurry, shipping sources said March 18. The benchmark FOB Singapore marine fuel 0.5%S cargo assessments fell to $788.18/mt March 17, from $786.03 March 16. Outright prices of Singapore-delivered marine fuel 0.5%S skyrocketed to an all-time high…