LNG freight rates rise above $50,000 per day

Spot charter rates for the global LNG carrier fleet in both basins are now above $50,000 per day, according to Spark Commodities.

Spark said that LNG spot freight rates for 160,000-cbm TFDE carriers rose on Monday above $50,000 in both the Atlantic and the Pacific basins for the first time since March.

The Atlantic Spark30S and the Pacific Spark25S rates rose to $50,750 per day on Monday.

“Spot rates in each basin at parity this month for the first time since December 2022,” Spark said.

LNG freight rates rise above $50,000 per day

LNG spot freight rates continued to push higher last week, with the rate on the Atlantic Spark30S route rising $9,750/day week-on-week to $45,000/day.

Meanwhile, spot freight in the Pacific basin also tightened, with the rate on the Spark25S route rising $9,250/day week-on-week to $47,500/day.

Both the Atlantic and Pacific rates for 160,000-cbm TFDE carriers fell below $100,000 per day in January, following record highs in October and November last year.

Most Popular

Woodside issues Louisiana LNG construction update

In October 2024, Woodside acquired all issued and outstanding Tellurian common stock for about $900 million cash, or $1.00 per share....

Trump lifts pause on non-FTA LNG export approvals

Trump issued the executive order, which was widely expected, just hours after officially taking over his second four-year term...

YPF, Indian firms ink Argentina LNG deal

According to a statement by YPF, the firm signed the MoU with GAIL, Oil India, and ONGC Videsh...

More News Like This

IEA says global gas markets set to remain tight in 2025

Global natural gas markets are set to remain tight in 2025 as demand continues to rise, and supply expands...

GECF: global LNG imports down in December

In December, global LNG imports decreased by 0.10 Mt y-o-y to 38.24 Mt, Doha-based GECF said. GECF said global LNG...

Pacific LNG shipping rates drop below $20,000 per day, European prices up

"Spark30S Atlantic freight rates dropped for a second consecutive week, falling by $4,000 to $20,000 per day - the...

Third Plaquemines LNG cargo heads to Europe

The 2021-built 174,000-cbm, Isabella, was on Friday located in the North Atlantic Ocean, offshore Bahamas, after picking up a...