LNG

The liquefied natural gas shipping sector expects a steady improvement after spot charter day rates dropped to a low of $40,000 per day in the first quarter after winter peaks of more than $180,000 per day as companies now focus on filling new US project shipment demands and forthcoming cargo tenders for Argentina in the Southern Hemisphere winter.

Golar LNG Partners, the fleet owner listed on the Nasdaq global exchange, said the shipping market continued to improve in October and one of its carriers re-entered the spot market and completed multiple voyages.