China's LPG arrivals double MoM in July

China's LPG VLGC arrivals surged 102.42% MoM to 3.47 million tonnes in July, up 5.77% YoY. The surge was driven by the temporary reopening of the Strait of Hormuz, a sharp drop in import costs, and Middle Eastern countries' active expansion of STS transfer operations.

Shipping data from OilChem shows China's LPG very large gas carrier (VLGC) arrivals reached 3,473,500 tonnes in July, up 102.42% month-on-month and 5.77% year-on-year. The surge was largely attributed to a temporary reopening of the Strait of Hormuz, a sharp drop in import costs, and Middle Eastern countries' active