LNG

Simpson Spence Young (SSY), the London-based shipbroker, has announced the expansion of its partnerships base with six new additions including from LNG.

June 11 (LNGJ) - Shipping charter rates for LNG carriers in the spot market rose again in the past week by around $5,000 per day in the West of Suez market to between $64,000 per day and $60,000 per day for vessels of 155,000-165,000 cubic metres capacity.

   For vessels East of Suez spot charter levels were unchanged at between $54,000 per day and $50,000 per day, according to London brokers. One-year charter rates for the most modern vessels edged higher to around $78,000 per day. 

Feb 11 (LNGJ) - Shipping charter rates for LNG carriers in the spot market have plunged for a fourth week by over $20,000 dollars per day. Rates were quoted at an average of between $67,000 per day and $63,000 per day for vessels of between 155,000-165,000 cubic capacity in the West of Suez market. In the East of Suez charter market, rates were offered for ships at between $55,000 per day and $51,000 per day, according to various brokers. One-year time charters for the most modern vessels were available for around $48,000 per day.

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.