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.

- Advertisements -

Most Popular

NNPC, Golar plan to take FID on Nigerian FLNG project in 2024

State-run Nigerian National Petroleum Corp and floating player Golar LNG plan to take a final investment decision on a...

Venture Global LNG’s customers get access to Calcasieu Pass documents

The US FERC has ordered LNG exporter Venture Global LNG to provide its customers with documents about the commissioning...

QatarEnergy, ExxonMobil update on Golden Pass LNG work

Energy giants QatarEnergy and ExxonMobil released the latest construction update for their Golden Pass LNG export terminal on the...

More News Like This

Cedigaz: global LNG imports increased 1.7 percent in January-May

Global LNG imports rose by 1.7 percent to 169.3 million tonnes in January-May 2024, up from 168 million tonnes...

Atlantic LNG shipping rates continue to climb, European prices drop

Atlantic spot liquefied natural gas (LNG) freight rates continued to increase this week, while European prices decreased compared to...

GIIGNL: 2023 LNG imports increased 2.1 percent to 401 million tons

Global LNG imports reached 401 million tons in 2023, increasing by 2.1 percent compared with the previous year, according...

Spot LNG shipping rates rise, European prices steady

Spot liquefied natural gas (LNG) freight rates rose this week, while European prices remained steady compared to the previous...