LNG, Gas Shipping Rates Under Pressure

AI Summary

LNG freight rates remain under pressure as vessel availability exceeds cargo demand, despite new cross-basin requirements from the US Gulf and West Africa. The oversupply of ships is limiting the usual seasonal rate uplift for November and early December.

LNG The LNG market remained under pressure this week, despite a number of cross-basin requirements emerging from both the US Gulf and West Africa. With the fixing window moving into November and early December, vessel availability continues to outweigh cargo demand, limiting the usual seasonal uplift in freight rates around this time. On the BLNG1 ...