Spot charter rates drop
March 5 (LNGJ) - Shipping charter rates for LNG carriers in the spot market have fallen again amid the global over-hang of volumes. Rates were quoted at an average of between $39,000 per day and $34,000 per day West of Suez and $38,000 per day and $33,000 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 $61,000 per day.
Spot charter day rates for LNG carriers reach $100,000 mark earlier in winter market cycle
Shipping spot charter rates for the liquefied natural gas market have reached a high for 2019 with quotes from brokers of around 100,000 per day or more.
Baltic Exchange in London trials Australian Gladstone Port-to-Tokyo route for LNG index
The Baltic Exchange in London, one of UK’s oldest financial institutions and now part of the Singapore Exchange (SGX) group, has launched trials of its new liquefied natural gas freight index that will eventually comprise several routes for the evolving LNG shipping market.
Baltic Exchange in London sets up panel to advance LNG shipping index for several routes
The Baltic Exchange in London, one of UK’s oldest financial institutions and now part of the Singapore Exchange (SGX) group, has formed a panel to help develop a new liquefied natural gas index comprising several routes for the evolving LNG shipping market.
