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.
London shipbroker gives account of West and East LNG charter market challenges in early 2023
The attractive spot LNG charter rates in the West of Suez market remained mostly limited to the 2-stroke segment, though most of these deals were being concluded for loadings in late March 2023.
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,
London-based shipbrokers are upbeat on LNG carrier charters and vessel sales and purchases
London-based global shipbrokers Simpson Spence Young have given an upbeat outlook for LNG carrier charters and vessel sales and purchases in the coming year after a record-breaking 2022.
London ship brokers Simpson Spence Young expands partnership base with six additions including from LNG
Simpson Spence Young (SSY), the London-based shipbroker, has announced the expansion of its partnerships base with six new additions including from LNG.
UK shipbroker Simpson Spence Young with LNG interests acquires Anchor Shipbroking based in Piraeus
Simpson Spence Young (SSY), the world's largest independent shipbroker established in London in 1880 and a key participant in the LNG business, has acquired Piraeus, Greece-based Anchor Shipbroking.
London LNG shipbrokers report how few wish to forward fix their tonnage too early with winter beckoning
Shipbrokers in the London market reported a move to more charter activity in September as August had seen the LNG market feel very subdued on a prompt basis with notably fewer spot fixtures than in the previous month.
London shipbroker reports on LNG carrier market trends and demands for ships in East and West
“In the LNG carrier charter market, brokers noted that some owners soon became no longer interested in trying to cash in on what had been a prosperous spot market to instead focus on term discussions,” according to the latest London broker report on the past month’s events.
Report from London shipbrokers gives account of dramas in the North Asian LNG market surge
A trading chronicle of the last month of LNG shipbroking activities captured the revival of the North Asian markets with the “miraculous upward trajectory” of LNG prices, helped by a variety of factors such as plant outages in all Basins, South Korean coal caps, Chinese coal restrictions, while favourable arbitrage conditions were further helped by hold-ups in the Panama Canal.
Spot charter rates up
Oct 29 (LNGJ) - Shipping charter rates for LNG carriers in the spot market increased over the past week by a further $20,000 per day. Rates were quoted at an average of between $100,000 per day and $110,000 per day West of Suez. The same levels of spot rates were also talked about for the East of Suez charter market for vessels of between 155,000-165,000 cubic metres capacity, according to various brokers.
