US sanctions on Chinese state-owned company COSCO Dalian Tanker Shipping are threatening to disrupt long-term trade flows from Malaysia, Indonesia and Australia to the world’s second largest LNG importer, and raising prompt charter demand and freight rates, reports Platts.
Ship tracking data: Freight rates and shipping demandSeveral vessels delivering LNG as part of long-term contracts from Indonesia’s Tangguh, Malaysia’s Bintulu and Australia’s North West Shelf, worth nearly 9 million mt/year...
http://mfame.guru/us-sanctions-spot-freight-rate-goes-up-with-shipping-demand/