The New World Record Set For Shipping Rates

LNG shipping hits all-time peak but rates expected to subside in the spring, reports Freight Waves.

It has never been more expensive to get a container of goods across the ocean. But it’s not just containers. Liquified natural gas (LNG) shipping is also rewriting the record books.

Argus reported that BP has just chartered the ship LNG Abalamabie for the equivalent of $350,000 per day. That makes it the most expensive cargo-ship charter in history, surpassing the $300,000-per-day peak...

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