Articles tagged freight rates

Extreme temperatures and plant outages in the Pacific basin have pushed Asian spot LNG prices upward, creating more competition in the market and boosting spot shipping rates.

The rates charterers pay for vessels to move LNG cargoes across the world are declining, especially in the Atlantic Basin, as global natural gas prices dip and ship availability surges after months of tightness.

Rates to secure vessels for liquefied natural gas (LNG) deliveries are at multi-year highs, climbing months in advance of the typical period when charterers move more aggressively to lock in ships ahead of winter demand.

Friday kicked off the heating season across the Northern Hemisphere and liquefied natural gas (LNG) freight rates also started their annual ascent.