LNG freight rates continue to drop in both basins

Spot charter rates for the global LNG carrier fleet are continuing to drop in both basins as vessel availability remains high, according to Spark Commodities. In October, both the Atlantic and Pacific rates for 160,000-cbm TFDE carriers climbed above $400,000/day, with the Atlantic rate reaching more than $480,000/day. However, the rates have been declining ever since and … Continue reading LNG freight rates continue to drop in both basins