LNG

Feb 13 (LNGJ) – Shipping charter rates for LNG carriers in the spot market dropped again in the past week as demand declined again amid abundant supply. Rates were quoted at an average of between $53,000 per day to $58,000 per day West of Suez and $47,000 per day to $52,000 per day East of Suez for vessels of between 155,000-165,000 cubic metres capacity, according to various brokers. One-year time charters for vessels of between 155,000-160,000 cubic metres capacity were seen at around $68,000 per day.