As Tanker Supply Declines, Traders Pay More Than $200,000/Day To Ship LNG

Capt. John
Credit: ConocoPhilips
  • It costs traders more than $200,000 a day to ship liquefied natural gas in the Atlantic basin, per Bloomberg.
  • Daily charter rates to ship LNG for October and November are at $206,750 and $284,750, respectively.
  • A growing number of traders have been using ships as floating storage, crimping tanker supply.

It costs more than $200,000 a day for traders to ship liquefied natural gas as tanker supply dwindles, highlights a Market Business Insider news source.

$200,000 a day to...

https://mfame.guru/as-tanker-supply-declines-traders-pay-more-than-200000-day-to-ship-lng/

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