LNG shipping rates top $100,000/day, oil tanker rates still rising

map showing location of LNG shipping carriers

In a typical year, winter demand in the Northern Hemisphere pumps up rates for tankers carrying crude oil, refined products and liquefied natural gas. As this summer comes to a close, tanker rates are already up to levels typically seen when snow is falling.

Six-figure LNG shipping rates

LNG shipping is being heavily impacted by the Ukraine-Russia war, which dramatically increased demand for shorter-haul voyages from the U.S. Gulf to Europe. A large share of U.S. LNG continues to flow to Europe,...

https://www.freightwaves.com/news/lng-shipping-rates-top-100000day-oil-tanker-rates-still-rising

Leave a Comment