LNG Shipping Market Posts Weekly Gains
LNG The LNG market strengthened this week, with relatively high fixing activity east of Suez helping to tighten vessel availability. The Atlantic also saw a gradual improvement in spot rates, although cargo demand remains…
The LNG market strengthened this week, with relatively high fixing activity east of Suez helping to tighten vessel availability. The Atlantic also saw a gradual improvement in spot rates, although cargo demand remains relatively subdued and the tonnage list continues to limit further upside.
On the BLNG1 Australia–Japan route, rates increased by $9,600 week-on-week to settle at $54,600/day. Increased fixing activity and a tightening pool of available vessels supported rates throughout the week.
The BLNG2 US Gulf–Continent route increased by $5,700 to close at $35,300/day. Rates gradually firmed as some tonnage was absorbed, although subdued demand and continued vessel availability kept the increase measured.
Similarly, the BLNG3 US Gulf–Japan route gained $2,200 week-on-week to settle at $64,600/day. The route remained supported by tightening effective availability, although a wider bid-offer spread continued to limit liquidity.
This story was originally published by Hellenic Shipping News. Read the full story at Hellenic Shipping News →
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