Spark reports first-ever negative spot LNG freight rate

Singapore-based Spark Commodities reported its first-ever negative spot LNG freight rate, some three months after charter rates for the global LNG carrier fleet hit their record highs. LNG freight rate for a 160,000-cbm TFDE carrier reached -$750 a day in the Atlantic on Monday, according to Spark. “This highlights how current vessel charter payments for … Continue reading Spark reports first-ever negative spot LNG freight rate