LNG Market Shifts As Pacific Fixing Drives Rate Surge

Capt. John
LNG Market

The beginning of the week was slow with few reported cargoes, after a partial shutdown in the Freeport facility due to the recent hurricane. Some ships are now sitting idle. Despite this lack of fixing in the Atlantic, the Pacific market begun to move and at the end of the week a cargo fixing in the market pushed rates up quite significantly.

For BLNG1 Aus-Japan on the 160cbm TFDE a rise of $11,200 and a close of $56,400 did well but the modern 2-stroke 174cbm fared better with a rise...

https://mfame.guru/lng-market-shifts-as-pacific-fixing-drives-rate-surge/

Leave a Comment

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon