Spot ship rates decline

Written by  John McKay
Thursday, 27 February 2020
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Feb 27 (LNGJ) - Shipping charter rates for LNG carriers in the spot market have dropped again as over-supply keeps the market flat. Rates were quoted at an average of between $39,000 per day and  $34,000 per day for both main charter markets, West of Suez and 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 $65,000 per day.

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