Live Updates > Live Update Details
2026-05-28 12:32:12
[Middle East Conflict Drives Up Shipping Costs; Some US LPG Buyers Cancel Asian Freight Orders] ⑴ Due to the Middle East conflict, shipping costs have surged, leading some US LPG buyers to cancel freight orders originally destined for Asia. ⑵ Sources familiar with the matter revealed that at least two shipments scheduled to be loaded next month from US Gulf Coast export terminals have been cancelled, and some buyers are discussing cancelling more orders. ⑶ The Middle East situation has led to the near-shutdown of the Strait of Hormuz, disrupting gas supply routes to the Persian Gulf region, forcing Asian LPG buyers to urgently purchase additional US supplies. ⑷ The price difference between the Far East Index and Montpellier View, a key indicator measuring the profits of US LPG exports to East Asia, continues to narrow, coupled with soaring freight rates, completely eroding traders' previously considerable profits.
