MISC expects LNG freight rates to remain soft in 2025

Malaysia’s LNG shipper MISC, a unit of Petronas, expects LNG carrier rates to remain soft this year due to a high number of newbuilds coming into the market, but rates are expected to recover post-2026.

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Shell-led LNG Canada has shipped the second cargo of liquefied natural gas from its Kitimat facility on the west coast of Canada. LNG Canada shareholder Petronas will deliver this shipment to Japan.

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