The rates charterers pay for vessels to move LNG cargoes across the world are declining, especially in the Atlantic Basin, as global natural gas prices dip and ship availability surges after months of tightness. Spark Commodities on Tuesday assessed spot freight rates for Feb. 8-March 10 deliveries in the Atlantic at $60,500/day, unchanged from Monday.…
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LNG Freight Rates Surging on ‘Unusually Early Rush’ for Vessels Before Winter
Rates to secure vessels for liquefied natural gas (LNG) deliveries are at multi-year highs, climbing months in advance of the typical period when charterers move more aggressively to lock in ships ahead of winter demand. The trend is particularly noticeable in the Atlantic Basin, where stronger-than-normal demand in Europe is helping support rates. “Strong demand…
June 10, 2022
LNG Freight Rates Move Higher as Winter Nears in an Already Volatile Market
Friday kicked off the heating season across the Northern Hemisphere and liquefied natural gas (LNG) freight rates also started their annual ascent. This year could be different. Europe and Asia are locked in a fierce battle for cargoes as inventories remain low and prices have hit new records with benchmarks soaring above $30/MMBtu in both…
October 1, 2021
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