LNG Shipping Slower Last Week

AI Summary

The LNG shipping market saw decreased rates across most routes last week, with particular easing on the Australia-Japan route. Market participants are cautiously watching developments in the Middle East influencing demand and shipping dynamics.

LNG The LNG market experienced a quieter week overall, with rates lowering across most routes as market participants continued to monitor developments in the Middle East. On the BLNG1 Australia–Japan route, rates eased by $1,667 week-on-week to settle at $80,200 per day. The Pacific market remained relatively balanced, with a more cautious sentiment but steady ...