LNG charter rates steady

Written by  John McKay
Thursday, 28 May 2020
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May 28 (LNGJ) - Shipping charter rates for LNG carriers in the spot market were steady. Rates were quoted at an average of between $33,000 per day and $30,000 per day West of Suez and at rates of between $32,000 per day and $29,000 per day East of Suez for vessels of between 155,000-165,000 cubic metres capacity, according to various brokers. One-year time charters were steady for the most modern vessels and were seen at rates of around $43,000 per day.

   Brokers said West of Suez activity included a handful of fixtures and free-on-board transactions. However, the market in the West and East remained on the long side with a combination of owner-controlled ships and trader relets available throughout June. “There is still a slightly bearish sentiment as a consequence,” said one broker report. 

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