Argus Launches LPG Freight Prices For Growing US And Middle East Exports
Retrieved on:
Tuesday, July 27, 2021
These prices are a response to market demand for greater transparency in the growing and increasingly complex global trade in LPG, which comprises butane and propane.
Key Points:
- These prices are a response to market demand for greater transparency in the growing and increasingly complex global trade in LPG, which comprises butane and propane.
- Argus has worked with industry participants to develop prices that accurately reflect freight costs for LPG exports from the US to Brazil, Chile, Peru, Morocco and northwest Europe.
- Argus has also launched VLGC and MGC freight rates on the Ras Tanura to New Mangalore route Saudi Arabia to India to support participants engaged in the swelling LPG trade between the Middle East and the sub-continent.
- Argus Media chairman and chief executive Adrian Binks said: "The LPG industry seeks to better understand and manage its exposure to volatile freight costs.