{"id":49301,"date":"2025-05-28T12:31:08","date_gmt":"2025-05-28T10:31:08","guid":{"rendered":"https:\/\/maritimefinance.eu\/?p=49301"},"modified":"2025-05-30T10:08:04","modified_gmt":"2025-05-30T08:08:04","slug":"momentum-in-lpg-market-new-ammonia-landmarks","status":"publish","type":"post","link":"https:\/\/maritimefinance.eu\/da\/momentum-in-lpg-market-new-ammonia-landmarks\/","title":{"rendered":"Momentum in LPG market \u2013 new ammonia landmarks"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"49301\" class=\"elementor elementor-49301\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-58879b0 e-flex e-con-boxed e-con e-parent\" data-id=\"58879b0\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4045524 elementor-widget elementor-widget-image\" data-id=\"4045524\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1200\" height=\"400\" src=\"https:\/\/maritimefinance.eu\/wp-content\/uploads\/2025\/05\/M6_article_2_cropped.jpg\" class=\"attachment-1536x1536 size-1536x1536 wp-image-49338\" alt=\"Momentum in LPG market \u2013 new ammonia landmarks-EMF-Maritimefinance\" srcset=\"https:\/\/maritimefinance.eu\/wp-content\/uploads\/2025\/05\/M6_article_2_cropped.jpg 1200w, https:\/\/maritimefinance.eu\/wp-content\/uploads\/2025\/05\/M6_article_2_cropped-300x100.jpg 300w, https:\/\/maritimefinance.eu\/wp-content\/uploads\/2025\/05\/M6_article_2_cropped-1024x341.jpg 1024w, https:\/\/maritimefinance.eu\/wp-content\/uploads\/2025\/05\/M6_article_2_cropped-768x256.jpg 768w, https:\/\/maritimefinance.eu\/wp-content\/uploads\/2025\/05\/M6_article_2_cropped-18x6.jpg 18w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5d685fe elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"5d685fe\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h4 style=\"font-weight: 400;\"><span lang=\"EN-GB\">May saw rise in VLGC rates after April plunge<\/span><\/h4><p style=\"font-weight: 400;\">The LPG market strengthened through May, with VLGC spot rates climbing steadily. The benchmark Ras Tanura\u2013Chiba route reached USD 52,600\/day \u2013 up 25% from the 2024 average \u2013 while MEG\u2013Asia earnings rose 24% week-on-week mid-month. This marks a strong rebound from April\u2019s brief dip below USD 10,000\/day, driven by firm U.S. propane exports, tight domestic storage, and increased activity in both basins.<\/p><p style=\"font-weight: 400;\">New U.S. export capacity, expected online in the coming months, should boost freight volumes into Q3. Meanwhile, the temporary pause in U.S.\u2013China tariffs has supported Eastbound flows and improved market sentiment. With steady earnings also seen on Houston\u2013Chiba, VLGC fundamentals remain solid heading into the summer.<\/p><p style=\"font-weight: 400;\"><strong>Ammonia trade supports long-term VLAC outlook<br \/><\/strong>The ammonia segment continues to gain traction. Announced this month, Oman is positioning itself as a major green ammonia exporter, targeting 5.6 million tons annually by 2030 and over 30 million tons by 2050. Projects like SalalaH2, backed by long-term offtake deals, will drive long-haul trade to Asia and Europe \u2013 creating growing demand for Very Large Ammonia Carriers (VLACs).<\/p><p style=\"font-weight: 400;\">This structural trend is reinforced by Trafigura\u2019s recent order for four dual-fuel, ammonia-capable Mid-size Gas Carriers, set for delivery from 2028. These vessels, powered by ammonia engines, reflect growing confidence in ammonia as both a marine fuel and a global trade commodity.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0ef65d0 elementor-widget elementor-widget-text-editor\" data-id=\"0ef65d0\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p style=\"font-weight: 400;\"><em>Source: Clarksons, Fearnleys, Ammonia Energy Association<\/em><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>May saw rise in VLGC rates after April plunge The LPG market strengthened through May, with VLGC spot rates climbing steadily. The benchmark Ras Tanura\u2013Chiba route reached USD 52,600\/day \u2013 up 25% from the 2024 average \u2013 while MEG\u2013Asia earnings rose 24% week-on-week mid-month. This marks a strong rebound from April\u2019s brief dip below USD [&hellip;]<\/p>","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[68,82],"tags":[],"post_folder":[73,13],"class_list":["post-49301","post","type-post","status-publish","format-standard","hentry","category-market-news","category-monthly-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Momentum in LPG market \u2013 new ammonia landmarks - European Maritime Finance<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/maritimefinance.eu\/da\/momentum-in-lpg-market-new-ammonia-landmarks\/\" \/>\n<meta property=\"og:locale\" content=\"da_DK\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Momentum in LPG market \u2013 new ammonia landmarks - European Maritime Finance\" \/>\n<meta property=\"og:description\" content=\"May saw rise in VLGC rates after April plunge The LPG market strengthened through May, with VLGC spot rates climbing steadily. The benchmark Ras Tanura\u2013Chiba route reached USD 52,600\/day \u2013 up 25% from the 2024 average \u2013 while MEG\u2013Asia earnings rose 24% week-on-week mid-month. This marks a strong rebound from April\u2019s brief dip below USD [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/maritimefinance.eu\/da\/momentum-in-lpg-market-new-ammonia-landmarks\/\" \/>\n<meta property=\"og:site_name\" content=\"European Maritime Finance\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-28T10:31:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-30T08:08:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/maritimefinance.eu\/wp-content\/uploads\/2025\/05\/M6_article_2_cropped.jpg\" \/>\n<meta name=\"author\" content=\"Motor Agency\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Skrevet af\" \/>\n\t<meta name=\"twitter:data1\" content=\"Motor Agency\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimeret l\u00e6setid\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutter\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/maritimefinance.eu\/momentum-in-lpg-market-new-ammonia-landmarks\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/maritimefinance.eu\/momentum-in-lpg-market-new-ammonia-landmarks\/\"},\"author\":{\"name\":\"Motor Agency\",\"@id\":\"https:\/\/maritimefinance.eu\/#\/schema\/person\/8f783acd5b7e9840e3947f3a2abec3e7\"},\"headline\":\"Momentum in LPG market \u2013 new ammonia landmarks\",\"datePublished\":\"2025-05-28T10:31:08+00:00\",\"dateModified\":\"2025-05-30T08:08:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/maritimefinance.eu\/momentum-in-lpg-market-new-ammonia-landmarks\/\"},\"wordCount\":236,\"publisher\":{\"@id\":\"https:\/\/maritimefinance.eu\/#organization\"},\"image\":{\"@id\":\"https:\/\/maritimefinance.eu\/momentum-in-lpg-market-new-ammonia-landmarks\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/maritimefinance.eu\/wp-content\/uploads\/2025\/05\/M6_article_2_cropped.jpg\",\"articleSection\":[\"Market news\",\"Monthly EN\"],\"inLanguage\":\"da-DK\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/maritimefinance.eu\/momentum-in-lpg-market-new-ammonia-landmarks\/\",\"url\":\"https:\/\/maritimefinance.eu\/momentum-in-lpg-market-new-ammonia-landmarks\/\",\"name\":\"Momentum in LPG market \u2013 new ammonia landmarks - 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