Atlantic freight rates continued to fall, reaching $71,750 per day, while Pacific rates slipped to $55,000 per day at the end of last week, Spark Commodities analyst, Qasim Afghan, said.
He added that the US front month arbitrage to northeast Asia via the Cape of Good Hope, closed out further, pointing more strongly to Europe, while the arbitrage via Panama had also closed out and pointed to Europe again.
Meanwhile, Stonepeak Infrastructure Partners’ controlled LNGC owner, Seapeak was said to be behind an order for two LNGCs placed at Samsung Heavy Industries.
Samsung confirmed the order without naming the owner and said the price for the two vessels was Won721.1 bill ($499 mill). They are scheduled to be delivered by September 2028, the shipbuilder added.
"We exceeded expectations last year by focusing on winning orders for high value added vessels," a company official said. "We expect a steady flow of orders amid recovering demand for LNG carriers throughout the year."
