LNG prices rebound as liftings increase along with spot shipping charter rates and with EU storage still building
Global liquefied natural gas prices rebounded this week led by European Union prices that reversed a 10-week slide with a double-digit increase as Asian spot cargo values also rose with shipping rates and against the background of a record EU gas storage build.
London shipbroker gives April overview of the many current charter challenges in LNG shipping market
There is an enormous divide in charter rates in discussions for liquefied natural gas carriers up until September 2023 compared with October to December.
European and Asian LNG prices decline as EU gas storage builds and more cargoes point at Germany
European and Asian LNG prices declined on the week as European Union gas storage levels increased and more LNG deliveries are being scheduled for Germany’s floating import facilities, while more momentum was still awaited from spot cargo buyers in the Pacific Basin.
Shipbroker says charter market moving from ‘trembling uncertainty’ to term fixtures and more vessel orders
The early 2023 LNG shipping market has opened with a “trembling uncertainty” in the LNG freight market with charter rates in the first few weeks alone falling 30 percent in the Atlantic Basin and 16 percent in the Far East,
Teekay LNG fleet advances on revenue front with take-or-pay charters with high-quality customers
Teekay LNG Partners, whose gas group units own, charter or have stakes in 77 vessels, including 47 liquefied natural gas carriers and 30 liquefied petroleum gas or multi-gas vessels, reported a first-quarter net loss while adjusted revenues increased.
