Spot LNG shipping rates continue to decline

Spot charter rates for the global liquefied natural gas (LNG) carrier fleet fell for the fourth week in a row, according to Spark Commodities.

Last week, spot LNG freight rates continued their downward trend.

The Spark30S Atlantic rate fell $11,500 per day week-on-week to reach $135,500 per day, while the spot rate on the Pacific Spark25 route fell $32,750 per day week-on-week to reach $135,550 per day.

According to Spark’s data on Friday, the Atlantic rate fell $3,000 to $132,500 per day, while the Pacific rate decreased $6050 to $129,500 per day.

Spot LNG shipping rates continue to decline
Image: Spark

European LNG prices drop

As per European LNG pricing, the SparkNWE DES LNG front month dropped from the last week.

Last week, the Spark NWE DES LNG for November rallied over 40 percent to $15.563/MMBtu for November deliveries on heightened geopolitical tensions.

NWE DES LNG for November was assessed on Thursday at $14.975 per MMBtu, a $0.565 discount to the TTF price.

The TTF price for November settled at $15.563/MMBtu on Thursday, while the JKM spot LNG price for December settled at $18.245/MMBtu.

The JKM LNG price rose more than $3/MMBtu from last week.

Most Popular

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.

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.

Dutch Eemshaven LNG terminal hits new record

The FSRU-based LNG import facility in the Dutch port of Eemshaven, owned by Gasunie and Vopak, has reached a new record.

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.

Dutch Eemshaven LNG terminal hits new record

The FSRU-based LNG import facility in the Dutch port of Eemshaven, owned by Gasunie and Vopak, has reached a new record.

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.

Dutch terminals remained top destinations for US LNG in June

Dutch Gate and Eemshaven LNG terminals remained the top destinations for US liquefied natural gas cargoes in June, according to the Department of Energy’s LNG monthly report.