by Clifton Linton, Editor, Energy Transport Insider
Lease rates for LPG rail cars slid this week. The market appears to be seeing a lull ahead of the coming winter.
A single trip lease was booked at $250 for late October one source told Energy Transport Insider.
Traders questioned that value, but news of a $400/month winter lease also surfaced. Others contended the six-month lease market really is running $650-$800/month. The low prices did not surprise some, and they noted the deals could have easily happened if available cars were in the right location at the right time.
Even so, talk in the market is that in the sh...