LNG

Oct 15 (LNGJ) - Shipping charter rates for LNG carriers in the spot market increased over the past week by up to $5,000 per day. Rates were quoted at an average of between $69,000 per day and $71,000 per day West of Suez and at rates of between $73,000 per day and $75,000 per day East of Suez for vessels of between 155,000-165,000 cubic metres capacity, according to various brokers. One-year time charter rates were little changed for the most modern vessels and were seen at around $48,000 per day.

Clarksons, the London-based ship brokers and shipping and financial services company, said it had completed the world’s first LNG freight futures trade at year-end involving two of the leading global commodities traders.