LNG

GasLog Partners, the US-listed affiliate of Monaco-based GasLog Limited, said spot charter rates were currently at around $69,000 per day for tri-fuel, diesel-electric vessels as it reported lower fourth-quarter revenue and a 37 percent drop in profits attributed to derivatives losses, the expiry of charters and higher expenses in operating the 14 LNG carriers in its fleet portfolio.

Flex LNG, the growing LNG shipping company with four vessels operating and nine others on order and whose shareholders include trusts connected to Norwegian magnate John Fredriksen, reported rising third-quarter revenues of $19 million and a booming winter charter market.

LNG shipping day rates started the second quarter at $55,000 and $38,000 for West and East of Suez respectively before rising through the mid-year on the West-East arbitrage window being opened by higher Asian natural gas prices.