LNG

Destination-free LNG cargoes from the United States have stirred up short-term trade worldwide and voyages from the US Gulf Coast to Asia are now easier thanks to the Panama Canal expansion. Shippers, however, made little use of this waterway so far, mainly because price parity between the Atlantic and Pacific has been limiting arbitrage opportunities – apart from the cold winter 2016/17 when some profits were made on spot cargoes from the USGC to northeast China, South Korea and Japan.

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