Hormuz set to reopen June 19 as US, Iran finalise peace deal
The Strait of Hormuz, a critical chokepoint for roughly 20% of global LNG supply, will reopen to shipping on Friday, June 19, after the US and Iran formally sign a peace deal to end the war, US President Donald Trump confirmed. Brent crude futures fell 4.1% in early trading on Monday on the news.
Term charters back in favour as shield against price spikes
Long-term LNG charters – not spot cargoes – are buyers’ favourite, once again, as they provide greater protection against freight rate spikes and shipping disruptions. This trend could tighten global LNG carrier availability for years to come.
Shipping – biggest obstacle to resume Qatari LNG flows
QatarEnergy CEO Saad al-Kaabi has identified shipping logistics as the biggest hindrance to resuming LNG exports from Ras Laffan once the Strait of Hormuz reopens, underlining tight tanker availability and routing constraints may impact the recovery of one of the world’s largest LNG export terminals.
LNG shipping faces headwinds; Drewry
Continuing weak demand and excess tonnage are set to depress LNG shipping earnings in the near term, Drewry analysts forecast. Yet there's a silver lining further out, as rates will rebound over anticipated vessel shortages once an array of proposed liquefaction projects start operation.
