LNG charter rates continue to fall

Charter rates for the global liquefied natural gas carrier fleet continued to drop this week as vessel availability increased, while spot LNG prices remain above $30/MMBtu.

According to Spark Commodities, LNG freight rates for a 160,000-cbm TFDE carrier reached $50,000 a day in the Pacific on Tuesday, down $14,500 or 24 percent since last Tuesday.

Atlantic rates also dropped $14,000 or 29 percent to $34,250 a day.

The rates are now down over 80 percent since the winter peaks in late November, as vessel availability builds, Spark said.

To remind, the Spark25 Pacific spot rate hit a record high of $374,500 per day on November 26.

Spot LNG at about $33/MMBtu

The JKM spot LNG price surged to $56.326/MMBtu in October due to the gas price crisis in Europe and winter restocking demand among Asian end-users.

It hit the highest level for the LNG benchmark for Asian spot LNG since Platts launched it in early 2009.

The price declined in the meantime but it continues to trade above $30/MMBtu.

According to Platts, the JKM for February reached $33.265/MMBtu on Monday.

Dutch TTF price was on Monday trading at $28.094/MMBtu while Henry Hub reached $4.079/MMBtu.

Most Popular

NFE logs $557 million net loss, continues Puerto Rico supply deal talks

US LNG player New Fortress Energy reported a net loss of $557 million in the second quarter of 2025, while it continues to negotiate a long-term gas sale agreement with PREPA to provide gas island-wide in Puerto Rico.

MOL gets OK for two LNG carrier designs with sails

Japan’s shipping giant MOL has secured approval from classification society Lloyd's Register (LR) for two liquefied natural gas (LNG) carrier designs equipped with four Wind Challenger sails.

Hanwha Ocean scores LNG carrier order

South Korea's Hanwha Ocean has secured a new contract to build one liquefied natural gas (LNG) carrier for about $252 million.

More News Like This

Spot LNG shipping rates continue to drop

Spot charter rates for the global liquefied natural gas (LNG) carrier fleet continued to decrease, while European prices rose this week compared to the previous week.

Spot LNG shipping rates down this week

Spot charter rates for the global liquefied natural gas (LNG) carrier fleet and European prices dropped this week compared to the previous week.

Spot LNG shipping rates slightly up this week

Spot charter rates for the global liquefied natural gas (LNG) carrier fleet rose slightly this week compared to the previous week.

GECF says LNG imports up 6.6 percent in July

Global liquefied natural gas (LNG) imports rose by 6.6 percent year-on-year in July, setting a new record for the month, the Gas Exporting Countries Forum said in its latest report.