The cost of shipping liquefied natural gas (LNG) has plummeted to its lowest point in five years. This decline is attributed to a combination of factors, including a surge in the global fleet of newly built LNG carriers and a decrease in average journey times, leading to increased vessel availability, reports Reuters.
Atlantic Freight Rates DeclineThe Atlantic freight rates for vessels with two-stroke engines capable of carrying 174,000 cubic meters of LNG, a common type in the market,...
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