LNG Transportation Costs Exceed $100,000 Day, Prices For Oil Tankers Still Climbing

Capt. John
  • 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.

A recent news article published in the Freight Waves states that LNG shipping rates top $100,000/day, oil tanker rates still rising.

Six-figure LNG shipping rates

LNG shipping is being heavily impacted by the Ukraine-Russia war, which...

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