LNG Shipping Softened Last Week

AI Summary

The LNG shipping market saw a softening last week due to decreased cargo inquiries and an increasing tonnage list, putting pressure on freight rates. Rates on the Australia–Japan route dropped by $800 to $73,500/day, while the US Gulf–Continent route declined significantly by $20,600.

LNG The LNG market softened this week, with shrinking cargo enquiry and a growing tonnage list putting pressure on freight rates. On the BLNG1 Australia–Japan route, rates eased by $800 week-on-week to settle at $73,500/day. The Pacific market remained relatively stable, as 2-stroke availability is currently tight. The BLNG2 US Gulf–Continent route declined by $20,600 ...