LNG vessel rates continue to plunge, recently hitting some of their lowest points in months, as more ships have become available to move the super-chilled fuel, particularly in the Atlantic Basin. Spark Commodities on Thursday assessed the roundtrip cost of moving an April cargo from the United States to Europe at $49,500/day, down $1,000 from…
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LNG Shipping Market Buoyed by Strong Spring Demand
Stronger-than-expected demand for natural gas across the world as the shoulder season gets underway is lifting sentiment in the shipping market, where rates to charter vessels are creeping upward. “We are witnessing a rare scenario as the start of 2Q2021 has been rather exciting compared to previous years,” analysts at shipbroker Fearnleys AS said this…
April 15, 2021
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